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Moody’s, S&P Issue Positive Financial Ratings for SC Ports Authority

Moody's Investors Service and Standard & Poor's Ratings Services affirm South Carolina Ports Authority's (SCPA) solid financial position, citing a growing regional economy, significant capital support and a strong operating profile as key factors in the positive ratings. The ratings come as SCPA plans to issue approximately $290 million in new revenue bonds to fund several major capital projects, including the purchase of two super post-Panamax cranes and wharf improvements for ... [+]

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