News & Media

Standard & Poor’s affirms Halifax Port Authority’s Credit Rating of ‘A+’, Outlook Stable

August 6, 2015 – Halifax, N.S. – Standard & Poor’s has affirmed Halifax Port Authority’s investment-grade credit rating of ‘A+’, outlook stable.

The Halifax Port Authority has developed, and currently operates from a diversified revenue base generating strong and consistent cash flow. “The diverse revenue streams at the Port of Halifax help to provide long term stability,” said Paul MacIsaac, Senior Vice President, Halifax Port Authority. “Our diversification strategy involves the development of all core business lines – cargo, cruise and real estate.”

The HPA is committed to working with port users to develop cargo volumes moving through the Port of Halifax, enhance the cruise industry in Halifax and fully utilize land holdings under administration. Over $250 million has been invested in port-related infrastructure since 2004. The port community in Halifax is working collaboratively to create the necessary conditions for business owners locally, regionally and nationally to expand their potential market and create economic growth.

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Rebecca Bruce
Communications Advisor
Halifax Port Authority
(902) 426-3465
rbruce@portofhalifax.ca

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