Puerto Rico Ports Authority Debt Back to Investment Grade with Moody's Boost

D'Ambrosio, Jill
August 2004
Bond Buyer;8/19/2004, Vol. 349 Issue 31951, p3
Trade Publication
Reports on the upgrade of the debt rating of Puerto Rico Ports Authority's outstanding debt. Stability of the outlook of revenue bonds; Strategy of the agency to control spending and increase revenue; Establishment of a good track record of financial performance.


Related Articles

  • Standard & Poors gives Ports Authority A-. Garza, Daniel R. // Caribbean Business;10/2/1997, Vol. 25 Issue 39, p30 

    Reports that the Puerto Rico Ports Authority, was given an A- bond rating, by the Standard and Poors (S&P) company. Removal of the government agency from S&P CreditWatch; Reflection of the Ports Authority's improved financial performance.

  • Let's hear it for businesspeoplc.  // Caribbean Business;4/9/2009, Vol. 37 Issue 14, p25 

    The author reflects on the plans of executive director Alvaro Pilar for the recovery of the Puerto Rico Ports Authority. The author cites that Pilar has planned to fix the company's financial situation, sell $250 million worth of properties and scale back payroll through retirement. The author...

  • OSI Systems [OSIS]: OSI Systems Begins Providing Cargo Scanning Services in Puerto Rico.  // TR2: Terror Response Technology Report;4/27/2011, Vol. 7 Issue 9, p4 

    This article reports on the move of the Rapiscan Systems division of OSI Systems to offer cargo scanning services to the Puerto Rico Ports Authority (PRPA) in 2011. Analysts expect the value of the operation's revenue between 100 million and 300 million U.S. dollars over 10 years. The PRPA aims...

  • Ports Authority reaches agreement with shipping industry on cargo rates. Martinez, Marialba // Caribbean Business;11/6/2003, Vol. 31 Issue 44, p35 

    Reports on an agreement between the Puerto Rico Ports Authority and members of the island's maritime cargo transportation industry to increase the agency's rates. Rise in cargo tariffs in 2004, followed by an additional increase annually until 2008; Revenue of the agency; Implications of the...

  • Ports Authority's proposed fee hikes would generate $13.8 million in two years. Martinez, Marialba // Caribbean Business;8/21/2003, Vol. 31 Issue 33, p4 

    Reports on the proposal of the Puerto Rico Ports Authority to increase service fees in the next two years. Agency's 2003 base revenue; Opposition of the Puerto Rico Shippers Association to the proposal on the ground that it would hurt that island's shipping industry and consumers who depend on...

  • Ports Authority to shed money losers, re-enter the bond market in 1999. Garza, Daniel R. // Caribbean Business;9/3/1998, Vol. 26 Issue 35, p6 

    Focuses on a proposed legislation which could remove money-losing ferry services and regional airports from the Puerto Rico Ports Authority. Comments from Marcos Rodriguez-Ema, president of the Government Development Bank; When the legislation will be presented to the Legislature; Provisions of...

  • Acuaexpreso service halted. Trinidad, Pablo J. // Caribbean Business;11/11/1993, Vol. 21 Issue 45, p21 

    Reports on Puerto Rico Ports Authority's decision to indefinitely halt its Acuaexpreso passenger ferry services between Hato Rey and Old San Juan. Accumulation of sediment and debris in the Martin Pena Channel; Damage to ferries' propellers; Number of people using the ferry service.

  • Sulsona set to put Ports back on course. Neggers, Xavira // Caribbean Business;5/19/1994, Vol. 22 Issue 20, p22 

    Focuses on the Puerto Rico Ports Authority. Losses sustained in fiscal year 1993 to 1994; Efforts by executive director Herman Sulsona to help increase revenues; Plans for expansion of marketing.

  • Mercedita runway expansion postponed. Chevako, Terry // Caribbean Business;5/25/1995, Vol. 23 Issue 21, p6 

    Reports on the Puerto Rico Ports Authority's postponement of the expansion of the runway of the Mercedita Airport in Ponce, Puerto Rico. Inability of the Ports Authority to expropriate the land; Aim of the expansion project; Dispute between the Ports Authority and Seralles Distillery over a...


Read the Article


Sign out of this library

Other Topics