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Tampa Bay-Lakeland
Business Observer Friday, Jun. 4, 2010 10 years ago

TPA bond ratings affirmed

The Tampa Port Authority's financial viability has been confirmed by Moody's.

The Tampa Port Authority had the 'A2' rating on its existing bond debt affirmed by Moody's Investor Service this week.

The rating puts the $145 million in revenue bonds previously issued by the TPA firmly into the investment grade category. That allows the port to keep interest rates low.

The port's financial state has been strengthened by its increasingly diverse revenue streams, a press release said. That includes a substantial increase in cruise activity.

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