{"id":2638,"date":"2022-08-11T18:37:52","date_gmt":"2022-08-11T22:37:52","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=2638"},"modified":"2025-06-29T18:39:06","modified_gmt":"2025-06-29T22:39:06","slug":"caricris-re-affirms-the-government-of-the-virgin-islands-credit-ratings","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/caricris-re-affirms-the-government-of-the-virgin-islands-credit-ratings\/","title":{"rendered":"CariCRIS re-affirms the Government of the Virgin Islands\u2019 credit ratings"},"content":{"rendered":"<p style=\"text-align: justify;\">On May 10, 2022, Caribbean Information &amp; Credit Rating Services Limited (CariCRIS), the region\u2019s credit rating agency, placed the Government of the Virgin Islands (GoVI) on <strong>Rating Watch \u2013 Developing<\/strong>. This Rating Action was based on uncertainty surrounding the continuation of the Assembly\u2019s control of government following the publication of the findings and recommendations of the Commission of Inquiry (COI), and the subsequent arrest of the then Premier and collapse of Government. A new \u201cUnity Government\u201d has been formed and its plan of implementation of the COI\u2019s recommendations (except for direct United Kingdom (UK) Government control) has been accepted by the UK Government. CariCRIS now believes that there is sufficient clarity and stability surrounding the matter to remove the Rating Watch and re-affirm the credit ratings of the GoVI at <em>Cari<\/em><strong>AA-<\/strong> (Foreign Currency and Local Currency), with a stable outlook<a id=\"_ftnref1\" href=\"#_ftn1\"><sup>[1]<\/sup><\/a>.<\/p>\n<p><strong>August 11, 2022<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><a id=\"_ftn1\" href=\"#_ftnref1\"><sup><em><strong>[1]<\/strong><\/em><\/sup><\/a><em> Refer to CariCRIS\u2019 Credit <\/em><em>Rating Rationale on the GoVI dated March 17, 2022<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 10, 2022, Caribbean Information &amp; Credit Rating Services Limited (CariCRIS), the region\u2019s credit rating agency, placed the Government of the Virgin Islands (GoVI) on Rating Watch \u2013 Developing. This Rating Action was based on uncertainty surrounding the continuation of the Assembly\u2019s control of government following the publication of the findings and recommendations of [&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-2638","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>CariCRIS re-affirms the Government of the Virgin Islands\u2019 credit ratings - 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\/caricris-re-affirms-the-government-of-the-virgin-islands-credit-ratings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CariCRIS re-affirms the Government of the Virgin Islands\u2019 credit ratings - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"On May 10, 2022, Caribbean Information &amp; Credit Rating Services Limited (CariCRIS), the region\u2019s credit rating agency, placed the Government of the Virgin Islands (GoVI) on Rating Watch \u2013 Developing. 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