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Pension deal buys time for U S Virgin Islands: Moody s

Analysts agree with Moody's that the island still faces financial risks.

United statesThomas aaronJoseph kristJohn hallacyPublic finance authorityFund special purpose securitization corporationSecuritization corporationMoody investors serviceUs virgin islands moody investors serviceGovernment employers retirementSenior credit officer thomas aaronInvestors serviceGeneral fundJohn hallacy consultingWarren buffetMuni credit news

About $918 million in U S Virgin Island bonds expected Wednesday

Holders tendered about 75% of U.S. Virgin Islands Public Finance Authority bonds that were eligible for a tender offer.

United statesVirgin islandsMoody investors serviceKroll bond rating agencyFund special purpose securitization corporationFund receiptsUs virgin islands public finance authorityVirgin islands public finance authorityIntercontinental exchangeRamirez coIslands public finance authorityInvestors serviceGovernment employees retirementKroll bond ratingMatching fund receiptsMackay shields

Virgin Islands tender offer extended; $900M refunding on tap

The Virgin Islands Public Finance Authority and Matching Fund Special Purpose Securitization Corporation plans to price $793.025 million of tax-exempt and $124.960 million of taxables.

United statesVirgin islandsMoody investors serviceFiscal strategies groupKroll bond rating agencyFund special purpose securitization corporationPower authorityVirgin islands public finance authorityRamirez coBond rating agencyStrategies groupInvestors serviceUs virgin islandsPublic pensionsSpeculative grade bondsRefunding bonds

Virgin Islands makes tender offer for matching fund bonds

The USVI government intends to refund the remainder of its outstanding bonds at the end of March.

Virgin islandsJohn hallacyFund special purpose securitization corporationMoody investors serviceVirgin islands public finance authoritySquire patton boggsRamirez coMatching fund special purpose securitizationGlobic advisorsPatton boggsUs virgin islandsSpeculative grade bondsJunk bonds

Virgin Islands considers $1B refunding to fill massive pension shortfall

This would be fourth attempt to refund the islands' debts. Moody's Investors Service projects the island's pension fund will run out of cash by the start of fiscal 2024.

United statesKurt vialetAlbert bryan jrSquire patton boggsMoody investors serviceEconomic developmentFund special purpose securitization corporationRevenue matching fundPower authorityCommittee of jurisdictionInvestors serviceEmployees retirement systemAlbert bryanIslands senator kurt vialetInternal revenue matching fundPatton boggs

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