In the face of a deep recession that has prompted plunging cargo volumes and financial losses throughout the shipping industry, Moody’s Investor Service announced Friday that the Port of Tacoma has maintained its bond ratings. Moody’s maintained Aa3 and A1 ratings on the Port of Tacoma’s Senior and Subordinate Revenue bonds, respectively, and an Aa3 on its General Obligation Limited Tax bonds. “The outlook is stable,” the rating agency’s Feb. 5 report affirmed. The annual report calls out the Port’s “stable revenue from long-term contracts, its important market position in the Pacific Northwest and the expectation of continued strong financial performance.”

To read the full report, click here — http://www.portoftacoma.com/Page.aspx?nid=77