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BRIEF-S&P says Virgin Islands Port Authority's marine revenue bonds will likely be negatively affected by Irma‍​
September 13, 2017 / 3:12 PM / 12 days ago

BRIEF-S&P says Virgin Islands Port Authority's marine revenue bonds will likely be negatively affected by Irma‍​

Sept 13 (Reuters) - S&P Global Ratings:

* S&P says Virgin Islands Port Authority’s marine revenue bonds will likely be negatively affected by Irma‍​

* S&P On Virgin Islands Port Authority’s marine revenue bonds says hurricane likely to have negative impact on tourism, cruise activity at port ‍​

* ‍S&P on Virgin Islands Port Authority’s marine revenue bonds says currently rate the bonds ‘BBB’ with a negative outlook​

* S&P on Virgin Islands Port Authority’s marine revenue bonds says port’s storm-related capital requirements could lower liquidity‍​

* ‍S&P says VIPA's finances are vulnerable due to port's reliance on revenues related to cruise ships and local economy that depends highly on tourism ​ Source text (bit.ly/2h2IqKd)

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