Fitch Affirms Los Angeles, CA Harbor Department's Revenue Bonds at 'AA'; Outlook Stable
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Fitch Ratings - New York - 14 Apr 2026: Fitch Ratings has affirmed the Los Angeles, CA Harbor Department’s approximately $261.5 million of outstanding revenue bonds at ‘AA’. The Rating Outlook is Stable.
The rating reflects the Port of Los Angeles’ (POLA) leading market position as a primary port of call in a large and economically diverse region, with resilient revenues from long-term contractual guarantees that are adequate to cover the entirety of the port’s annual senior debt service obligations. The rating is further supported by POLA’s track record of strong financial metrics and considerable liquidity levels, with unrestricted funds in excess of the outstanding debt balance. These strengths provide revenue stability for the port and a strong financial cushion to withstand uncertainty in the maritime industry and the resulting impact on volumes.