Fitch Affirms U.S. Port Financial Ratings

By George Backwell
Thursday, June 26, 2014
Calculator image credit Dominic Alves CCL

As part of its peer review process, Fitch Ratings informs it has affirmed its ratings for standalone U.S. Ports. No ratings were changed as a result of the peer review.

In its review, Fitch confirmed or changed, as appropriate, the related attribute assessments (Stronger, Midrange or Weaker) for the ports.

Information supporting the assessments is included in the individual rating action commentaries released for each port; Fitch performs periodic surveillance reviews or event driven credit reviews during the course of each year. The attribute assessments for each port, along with key quantitative metrics, will be identified in Fitch's peer report.

Fitch will shortly release the findings from its detailed review in the report 'Peer Review of U.S. Ports'. The report highlights relevant material risk factors factored into the ports' ratings including financial metrics. It also details the key rating driver attribute assessments outlined in the agency's criteria (available at www.fitchratings.com).

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