Fitch Ratings has affirmed its long-term ‘A’ rating on JAXPORT’s $129.8 million in outstanding revenue bonds, citing the port’s strategic location, intermodal and infrastructure connectivity, growing automobile and container activity and diverse revenue base.
“The rating reflects JAXPORT’s versatile financial and operating position even in light of volatility stemming from the coronavirus pandemic,” according to Fitch.
“The ability to maintain our strong credit rating during this time speaks volumes about the strength and resiliency of our port,” said JAXPORT CEO Eric Green. “Our diversification across trade lanes and business lines, along with our strategic location in the in-demand Southeast U.S. region, positions us for continued success well into the future.”
Read more at FitchRatings.com.
JAXPORT is an international trade seaport offering direct ocean carrier services to 140 ports in 70 countries. The port offers fast access to 70 million U.S. consumers via 100 trucking firms, three major interstates, and 40 daily trains.