STATE HARBORS REVENUE BONDS AFFIRMED AT ‘AA-‘ BY FITCH RATINGS
CORRECTION: The bond series is 2020A and B, not 2010 as written in the initial release
STATE HARBORS REVENUE BONDS AFFIRMED AT ‘AA-‘ BY FITCH RATINGS
HONOLULU – The Hawaii Department of Transportation (HDOT) Harbors Division announces that Fitch Ratings has affirmed its harbor system revenue bond series 2010A and B at ‘AA-ʼ with a Stable rating outlook. Fitch’s announcement of the affirmation and reasoning for the rating can be found at https://www.fitchratings.com/research/us-public-finance/fitch-affirms-hawaii-dot-harbor-system-revs-at-aa-outlook-stable-27-10-2021
“High ratings on our bond offerings show a level of confidence in our commercial harbors system,” explained Hawaii Department of Transportation Director Jade Butay. “Bond ratings are crucial to attract investors, which in turn allows us to borrow against anticipated revenues to make large scale infrastructure improvements like the Kapalama Container Terminal at a lower interest rate.
