S&P Revises L.A. Harbor Debt to Stable From Positive, Affirms AA

Kelemen, Jasmina
August 2004
Bond Buyer;8/26/2004, Vol. 349 Issue 31956, p3
Trade Publication
Announces Standard & Poor's (S&P) revision of its outlook for Los Angeles Harbor Department's outstanding debt to stable from positive and affirmed its AA rating on 748 million dollars of senior-lien revenue bonds. S&P explanation that the revision reflects increased risk in the port sector and transportation sectors in general, citing an overall increase in operational risk for ports since the terrorist attacks of September 11, 2001; Impact of the port's role as a container ship hub for the United States on its rating.


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