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Port of Brownsville Ranks 3rd Among U.S. Ports

[ May 29, 2020   //   ]

The Port of Brownsville ranks third among U.S. ports for “strong financial resilience” surveyed in a new report issued by Moody’s Investor Services, underscoring the ongoing value of the port’s prudent financial stewardship in light of economic impacts from the worldwide COVID-19 pandemic.

Moody’s analysis evaluated American ports on a range of key factors surrounding financial responsibility like the ability to handle the impact of a significant decline in cargo volume, financial liquidity and debt service coverage ratio. Weighing these important factors, the
analysis ranks the Port of Brownsville among the most stable in the nation and better able to weather today’s unique economic challenges.

“We take our financial obligations very seriously and work to ensure we are responsible stewards of the port’s resources,” said John Reed, Chairman of the Brownsville Navigation District. “Even during today’s extraordinary economic climate, the Brownsville Navigation District Commission is taking responsible steps to maintain a stable financial foundation to attract continued growth and job creation.”

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