S&P Global Ratings has reaffirmed its long-term ‘A’ rating and stable outlook for the Port Authority of Guam’s 2018 Port Revenue Bonds, a strong vote of confidence in the Port’s financial management and stability.

Despite a dip in cargo volumes this fiscal year, the Port maintained solid financial performance through early planning and a $3 million debt reduction strategy that helped keep its debt service coverage well above the required threshold.

S&P credited the Port’s disciplined leadership, proactive cost management, and commitment to transparency as key strengths supporting the rating.

The reaffirmation comes as the Port prepares for its 50th anniversary and eyes up to $100 million in future bond borrowing to leverage federal grants for modernization projects, including new cranes and wharf upgrades.

Governor Lou Leon Guerrero called the reaffirmation a milestone in the Port’s transformation, while officials praised the workforce for embodying the “Port Strong” spirit that continues to drive Guam’s economy forward.