Moody’s Upgrades Panama Canal’s Long-Term Rating

Moody’s Investors Service upgraded the 20-year $450 million Senior Unsecured Bonds issued by the Panama Canal Authority (ACP) to A1 from A2, with a stable outlook, based on the waterway's strong performance since the expansion's inauguration. Moody's noted that the Expanded Canal has increased overall tonnage and attracted new market segments, contributing to the waterway's strong performance. According to Moody's, "stronger cash flow generation coupled with a relatively low leverage has ... [+]

Moody’s, S&P Issue Positive Financial Ratings for SC Ports Authority

Moody's Investors Service and Standard & Poor's Ratings Services affirm South Carolina Ports Authority's (SCPA) solid financial position, citing a growing regional economy, significant capital support and a strong operating profile as key factors in the positive ratings. The ratings come as SCPA plans to issue approximately $290 million in new ... [+]

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