Water Agency Ratings Changes Roundup: June 2022
Fitch Ratings recently updated its ratings on various water agencies in California, Oregon, and Texas. Water District of Southern California was given the rating of ‘AA+’ on its senior lien and subordinate lien water revenue bonds and term bonds, and bank...
NY Port Authority Audit Finds “Indefensible” Pricing
The Port Authority of New York and New Jersey issues revised pricing guidelines for concessions at LaGuardia, JFK and Newark airport. This is after an internal audit found that restaurants in the three major airports were charging “indefensible” amounts,...
Major California Ports’ New Fee Could Bring $90 Million in First Year
In an effort to achieve a zero-emissions future for ports by 2035, the Port of Long Beach and Port of Los Angeles are set to launch the Clean Truck Fund Rate which will charge cargo owners for containers delivered by non-zero-emission vehicles. The imposition of the...
Port Authority Credit Rating Changes Roundup: May 2022
Fitch Ratings and Moody’s had recently updated the ratings of several port authorities in America. Port Authority of New York and New Jersey’ (PANYNJ) was given an ‘A+’ rating on its 230th, 231st, and 232nd consolidated bonds. With regard to...
Moody’s: Ports Outlook Positive; Unaffected by Russia, Ukraine War
The Russia-Ukraine war may have rattled the global economy and supply chain, but Moody’s asserted that the crisis did not spill over into sea ports as things continue to remain positive for the sector. Summarizing the analysis of Moody’s reaffirming its...Listen to Our Civic Development Podcast!
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