CUSIP 927676NR3
- ISIN: US927676NR35
- Entity Name: Virgin Islands Public Finance Authority
- Sector: Municipal Agency
- Announcement Date: 15-Aug-2017
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 01-Oct-2029
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Rating Downgrade
- News: Fitch Ratings has downgraded the following ratings of the United States Virgin Islands (USVI) and the USVI Public Finance Authority (VIPFA): --Issuer Default Rating (IDR) of the USVI, to `CCC` from `B`; --$697.8 million gross receipts tax (GRT) revenue bonds, to `B` from `BB-`; --$741.4 million senior lien matching fund revenue bonds, to `B` from `BB-`; --$147 million subordinate lien matching fund revenue bonds, to `B` from `BB-`; --$232.2 million subordinate lien matching fund revenue bonds (Diageo project) series 2009A, to `B` from `BB-`; --$34.9 million subordinate lien matching fund revenue bonds (Cruzan project) series 2009A, to `B` from `BB-`. Fitch has removed the ratings from Rating Watch Negative. The Outlook on all of the ratings is Negative. For Bond Document please visit www.BondPDF.com
- Description: Municipal Name: Virgin Islands Public Finance Authority CUSIP: 927676NR3 Currency: USD Virgin Islands Public Finance Authority announced today that Fitch Ratings has downgraded the rating of the Series 2009A Subordinate Revenue Bonds from BB- to B.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US927676NR35
