AA FOR LB

Some funding will go towards landside construction and also to deepen the access channel to the port to 15 metres.

Standard & Poor’s Rating Services has raised the Port of Long Beach’s credit rating to “AA” from “AA-minus, ” citing the Port’s “impressive historic and forecast cargo growth along with very strong business and financial position.” Two other leading bond rating firms – Fitch Ratings and Moody’s – also awarded some of their highest ratings to the port in connection with the issuance of two revenue bonds.