Summary: Los Angeles Harbor Dept.; Ports/Port Authorities

S&P Global Ratings revised its outlook to positive from stable and affirmed its 'AA+' long-term rating on the Los Angeles Harbor Dept.'s (the Port of Los Angeles, PoLA, or the port) revenue bonds outstanding. At the same time, S&P Global Ratings assigned its 'AA+' rating, with a positive outlook, to PoLA's estimated and combined $219 million series 2024A-C refunding revenue bonds. The outlook revision reflects our view that we could raise the rating within our two-year outlook period if the port can achieve its forecast financial metrics--debt service coverage, liquidity, and debt position--and sustain them while not experiencing any material erosion to its extremely strong market position given the ongoing trade disputes between the U.S. and China. The series 2024A-C

...+ S&P Global Ratings revised its outlook to positive from stable and affirmed its '##+' long-term rating on the Los Angeles Harbor Dept.'s (the Port of Los Angeles, PoLA, or the port) revenue bonds outstanding. + At the same time, S&P Global Ratings assigned its '##+' rating, with a positive outlook, to PoLA's estimated and combined $219 million series 2024A-C refunding revenue bonds. + The outlook revision reflects our view that we could raise the rating within our two-year outlook period if the port can achieve its forecast financial metrics--debt service coverage, liquidity, and debt position--and sustain them while not experiencing any material erosion to its extremely strong market position given the ongoing trade disputes between the U.S. and China....

Summary