Join discussions on moving to and living in the USVI, ask questions, share info & tips! (Vacationing? Visit Travel Message Board)


FITCH DOWNGRADES VI BONDS AGAIN

COLDER
August 16, 2017 04:29PM

Registered: 9 years ago
Posts: 185

Is anyone, other than Mapp, surprised that the Vi bonds have been downgraded further.?
Until the VI gets serious about cutting the massive government bureaucracy that has been created over the years, the bond markets will continue to turn their backs on the VI.
Mapp can not pass enough "sin" taxes to have them come back to the Vi.
Are we now quickly going down the same road as Puerto Rico ?
[viconsortium.com]

Re: FITCH DOWNGRADES VI BONDS AGAIN

islandjoan
August 16, 2017 04:45PM

Registered: 11 years ago
Posts: 1,565

Yeah it sure looks like it. Remember when Mapp justified the sin taxes by saying how important they were? sin tax justification

The combined measures have been projected by the Mapp administration to raise roughly $250 million over a five-year period, which the administration says will help bolster bondholders’ confidence in the government’s ability to address its structural deficit, currently over $100 million, and also as a first step in the right direction relative to having access to the bond market in the future.

Re: FITCH DOWNGRADES VI BONDS AGAIN

Alana33
August 16, 2017 10:41PM

Registered: 6 years ago
Posts: 11,872

Maybe he could move his behind out of the Ritz and let go ALL his family members presently on the government payroll for starters.
Yeah, I know that'll never happen!

Re: FITCH DOWNGRADES VI BONDS AGAIN

Alana33
August 17, 2017 08:38AM

Registered: 6 years ago
Posts: 11,872

Further downgrades.

IN STINGING BLOW TO USVI, S&P FURTHER DOWNGRADES TERRITORY’S MATCHING FUND AND GROSS RECEIPT TAX BONDS

[viconsortium.com]

Re: FITCH DOWNGRADES VI BONDS AGAIN

vicanuck
August 17, 2017 09:19AM

Registered: 8 years ago
Posts: 2,285

No surprise here!

Join the discussion. Click the button below to Login or Register now!

Click here to login

  • Blue Ocean Transport

Moving to the U.S. Virgin Islands?

Settlers Handbook
Only $17.95

The Settlers Handbook for the U.S. Virgin Islands is your guide to moving to St. Croix, St. Thomas, St. John and Water Island.

The current 18th Edition, released in January 2016, will help you explore your dream of island living. A solid reference book, it was first published in 1975. That's 40 years of helping people move to the islands. A must read. Order today.

Order Today

Advertise

Join VIMovingCenter.com Today!

Tell prospective and current residents about your business.

Learn More →

Sister Sites

VITraders

USVI Books & Souvenirs

VInow

USVI Vacation Guide

Living in de V.I.

USVI Relocation DVD

Proud Supporter

VI Olympic Team

For over 45 years, the Virgin Islands has celebrated the Olympic tradition by sending our athletes to compete.

Learn More →