Port Authority of Guam earns high scores from rating agencies
HAGÅTÑA, Guam — The Port Authority of Guam’s proposed $72.6 million series 2018 port revenue bonds earned high scores from rating agencies, according to a June 14 release. Standard and Poor’s Global Ratings assigned an A long-term rating and Moody’s Investors Service assigned a Baa2 rating.
Proceeds from the bonds will go to financing the port authority’s capital improvement program, which is the first since it was built in 1969.
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