Port of Mobile Outpaces Budget as Steel, Coal and Rail Traffic Surge
The Alabama Port Authority is $30 million ahead of budget through June, driven by record coal, steel and rail traffic, even as wet coal shipments drove up June expenses.
Fitch Ratings Upgrades Alabama Port Authority Bond Rating to A-
Fitch Ratings upgraded the Alabama Port Authority's dock facility revenue bonds to \u201cA-\u201d from \u201cBBB+,\u201d citing stronger debt coverage and a more diversified revenue base at the Port of Mobile.
Fitch Boosts Alabama Port Authority’s Credit Rating, Pointing to Financial Strength and Diversified Growth
Fitch Ratings upgraded the Alabama Port Authority's bond rating to "A-" with a stable outlook, citing stronger finances and growing revenue diversification beyond coal and steel.