Fitch Affirms U.S. Virgin Islands' GRT Bond Implied GO Bond Ratings; Outlook Remains Negative

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the following ratings for the U.S. Virgin Islands (USVI): --$765.8 million in outstanding USVI Public Finance Authority (VIPFA) bonds (Virgin Islands gross receipts tax (GRT) loan note) (senior lien) at 'BBB'; --Implied general obligation (GO) bond rating for the USVI at 'BB-' (there are no outstanding USVI stand-alone GO bonds). The Rating Outlook remains Negative. SECURITY The GRT revenue bonds issued by VIPFA are secured by a pledge of GRT col

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