Fitch: U.S. Ports Remain Low Credit Risk With Resilient Cash Flow Despite Economic Downturn
U.S. ports continue to maintain strong investment grade ratings, according to a new Fitch Ratings report. Out of Fitch's rated ports, 69% are rated 'A' or above.
Fitch conducted a peer review of its rated U.S. port portfolio and assessed five key rating drivers as being strong, midrange or weak.
'The assessments in most categories were predominantly strong or midrange, which is consistent with the generally strong credit characteristics and investment-grade rating levels seen for most port credits in the U.S.,' said Emma Griffith, Director in Fitch's Global Infrastructure Group.
The full report, titled 'Peer Review of U.S. Ports: Attribute Assessments, Metrics, and Ratings', is available on the Fitch Ratings web site at www.fitchratings.com.
Copyright Reuters 2013.