Fitch Affirms Port of Palm Beach Authority, FL’s Revs at ‘BBB-’; Outlook Negative
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed its ‘BBB-’ rating on the Port of Palm Beach Authority, FL’s (the authority) approximately $45.5 million outstanding revenue bonds. Fitch has removed the rating from Rating Watch Negative and assigned a Negative Rating Outlook. Rating Rationale: The affirmation reflects what appears to be a stabilization in the port’s main business segments and the authority’s ability to secure additional cruise business during fiscal 2010, which is projected
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