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MOODY’S Ba3 RATING OF ST MAARTEN’S PRINCESS JULIANA INTERNATIONAL AIRPORT PJIA SXM

MOODY Ba3 rating assigned to Princess Juliana International Airport’s (“PJIA”) reflects short-term challenges such as: (i) tight liquidity, (ii) breach of two covenants that require waivers from investors, (iii) debt service payments that will continue to be made

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