The Port Authority of Guam is getting a strong vote of confidence—Moody’s Investors Service has reaffirmed the agency’s Baa2 credit rating with a stable outlook for Fiscal Year 2024.

The rating reflects the Port’s steady revenue, healthy liquidity, and solid debt service coverage, reinforcing its role as Guam’s sole commercial seaport and a critical link in the island’s supply chain.

Moody’s highlights the Port’s very stable revenue profile, averaging $58 million between 2021 and 2024, even through the pandemic and Typhoon Mawar. The Port also maintains a robust cash position, with about $50 million in reserves—more than 300 days cash on hand for nearly a decade.

General manager Rory Respicio credits the Port’s long-term planning and strong team, saying the reaffirmation underscores continued progress toward modernizing infrastructure and strengthening resilience.

Moody’s notes that despite exposure to typhoons and customer concentration, the Port remains financially sound and strategically vital, handling 90% of Guam’s imported cargo, including significant military shipments.