S&P Global Ratings affirms Halifax Port Authority’s A+ Credit Rating
August 18, 2016 – Halifax, Nova Scotia – S&P Global Ratings has affirmed Halifax Port Authority’s investment-grade credit rating of ‘A+’ as strong financial performance continues.
“Prudent financial management combined with expected cargo and revenue growth continues to yield positive results,” said Paul MacIsaac, Senior Vice President, Halifax Port Authority. “Other factors include the addition of new and expanded containerized cargo services over the past year, and the Port’s ability to ability to handle large containerized cargo vessels.”
The Halifax Port Authority is committed to working with partners and the marine community to develop cargo volumes moving through the Port of Halifax, enhance the cruise industry in Halifax and fully utilize land holdings under administration.