Fitch: US Ports Pose Low Risk Despite Volume Swings

Stand-alone U.S. port ratings remain largely in the ‘A’ category despite volume fluctuations during economic downturns, according to a new Fitch Ratings report.

Emma Griffith, Director in Fitch’s Global Infrastructure Group, said that around 95% of port sector ratings were given Stable Outlooks, implying ”the relatively low credit risk and the resilience of port cash flows.” 

Fitch upgraded the rating on two ports during the past 12 months (Virginia Port Authority to ‘A+’ and Alabama State Port Authority to ‘A-‘) as well as revised the Rating Outlook on one port to Positive (Hillsborough County Port District).

Highest rated ports are typically those with a strong underlying market or franchise driving demand, overall stability of cash flows through contractual agreements, or tariff policy and healthy financial metrics, according to Fitch Ratings.

Conversely, weakest rated ports include those serving markets with competition for cargo, less contractual protection for revenues, or thinner financial metrics.

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With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

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