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BRIEF-S&P says U.S. Virgin Islands 'B' and 'B-' rated bonds remain on watch negative
May 15, 2017 / 7:30 PM / 2 months ago

BRIEF-S&P says U.S. Virgin Islands 'B' and 'B-' rated bonds remain on watch negative

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May 15 (Reuters) - S&P Global Ratings:

* S&P says U.S. Virgin Islands 'B' and 'B-' rated bonds remain on watch neg due to liquidity, long-term sustainability concerns

* S&P says restated the creditwatch with negative implications on U.S. Virgin Islands' 'B-' rating on the authority's gross receipts tax notes

* S&P on U.S. Virgin Islands - territory will need definitive and extensive action to address its current fiscal position to maintain our view of credit quality Source text (bit.ly/2qkPloj)

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