{"id":1715,"date":"2025-04-10T18:08:35","date_gmt":"2025-04-10T22:08:35","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1715"},"modified":"2025-04-24T18:09:44","modified_gmt":"2025-04-24T22:09:44","slug":"government-of-the-virgin-islands","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/government-of-the-virgin-islands\/","title":{"rendered":"Government of the Virgin Islands"},"content":{"rendered":"<h2>RATING ACTION:<\/h2>\n<p>On March 14, 2025, CariCRIS reaffirmed the issuer ratings of CariAA- (Foreign and Local Currency Ratings) on its regional rating scale assigned to The Government of the Virgin Islands (GoVI). A stable outlook was assigned. The fiscal sub-parameter rating was upgraded one-notch to reflect the continual improvement in fiscal performance indicators.<\/p>\n<p class=\"badge\">RATING SENSITIVITY FACTORS:<\/p>\n<p><strong>Factors that could lead to an improvement in the ratings and\/or Outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>\u00a0Real GDP growth of at least 5% sustained over the next 2 years.<\/li>\n<li>An uninterrupted improvement in visitor arrivals to greater than pre-hurricane levels maintained over the next 2 years.<\/li>\n<li>A consistent improvement in company incorporations and registrations to pre-pandemic levels maintained over the next 2 years.<\/li>\n<\/ul>\n<p><strong>Factors that could lead to a lowering in the ratings and\/or Outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li>An increase in the total public sector debt to above 40% of GDP.<\/li>\n<li>A change in the island\u2019s status as a British overseas territory or a material change in the level of support rendered to The VI from the UK.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/p>\n<p>Stefan Fortun\u00e9<br \/>\nPhone: 1-868-799-6751(m)<br \/>\n<a href=\"mailto:sfortune@caricris.com\">sfortune@caricris.com<\/a><\/p>\n<p>Carla Ash<br \/>\nPhone: 1-868-713-6794 (m)<br \/>\n<a href=\"mailto:cash@caricris.com\">cash@caricris.com<\/a><\/p>\n<p>www.caricris.com<br \/>\n<a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/p>\n<p><span style=\"font-size: 8pt;\"><strong>Disclaimer<\/strong>: CariCRIS has taken due care and caution in compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable. However, CariCRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. No part of this report may be published\/ reproduced in any form without CariCRIS\u2019 prior written approval. CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers\/ users\/ transmitters\/ distributors of this product.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On March 14, 2025, CariCRIS reaffirmed the issuer ratings of CariAA- (Foreign and Local Currency Ratings) on its regional rating scale assigned to The Government of the Virgin Islands (GoVI). A stable outlook was assigned. The fiscal sub-parameter rating was upgraded one-notch to reflect the continual improvement in fiscal performance indicators. RATING SENSITIVITY [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"table_tags":[],"class_list":["post-1715","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government of the Virgin Islands - CariCRIS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/government-of-the-virgin-islands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government of the Virgin Islands - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: On March 14, 2025, CariCRIS reaffirmed the issuer ratings of CariAA- (Foreign and Local Currency Ratings) on its regional rating scale assigned to The Government of the Virgin Islands (GoVI). A stable outlook was assigned. The fiscal sub-parameter rating was upgraded one-notch to reflect the continual improvement in fiscal performance indicators. 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