- Published: May 2012
- Region: United States
Research Update: Vancouver Fraser Port Authority Ratings Affirmed At 'AA' On Strong Business Risk Profile; Outlook Stable Jun 11
- Published: June 2011
- Standard & Poors
We are affirming our 'AA' long-term issuer credit rating on the Vancouver Fraser Port Authority and our 'AA' issue-level rating on its senior unsecured debt. In part, the rating reflects our view of PMV's strong business risk profile, its large catchment area, its very strong financial risk profile, and our expectation for strong government legislation and extraordinary support. The stable outlook reflects Standard & Poor's expectation of PMV's strong cargo and revenue growth in the medium term, resulting in continued very strong annual debt service coverage based on net revenues. On June 15, 2011, Standard & Poor's Ratings Services affirmed its 'AA' long-term issuer credit and senior unsecured debt ratings on the Vancouver Fraser Port Authority or Port Metro Vancouver,...
Companies mentioned in this report are: Vancouver Fraser Port Authority
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Vancouver Fraser Port Authority