Port of Oakland A+ and A ratings affirmed by Fitch
Oakland, Calif. – November 14, 2022: Fitch Ratings has affirmed the Port of Oakland’s outstanding senior bonds at A+ and outstanding Intermediate Lien and underlying bank bonds at A. The rating outlook assigned by Fitch on all bonds is Stable. “These ratings reflect continued commitment to prudent financial management and stability,” said Port of Oakland […]
Port of Oakland refinances to save $87 million in future debt payments
Oakland, Calif. – December 8, 2020: The Port of Oakland said today it is refinancing $544 million of debt with its new bond offerings. The public agency completed its bond pricing Nov. 19, 2020. Due to favorable market conditions, the Port expects to achieve net present value savings of approximately $87 million. In quite simple […]