...August 15, 2019 SAN FRANCISCO (S&P Global Ratings) Aug. 15, 2019--S&P Global Ratings assigned its '##' long-term rating to the Los Angeles Harbor Dept., Calif.'s (the Port of Los Angeles, or the port) pro forma $164.7 million refunding revenue bonds, series 2019. Additionally, S&P Global Ratings affirmed its '##' long-term rating and underlying rating (SPUR) on the port's parity debt outstanding using our U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises criteria. The outlook is stable. "The ratings reflect our opinion of the port's extremely strong enterprise risk profile and very strong financial risk profile," said S&P Global Ratings credit analyst Kevin Archer. The enterprise risk profile reflects the port's size and essentiality to the national and regional economy, as well as the strength of its service area with capacity for growth combined with a capable, experienced management team. The financial risk profile reflects the port's S&P Global Ratings-calculated...
