Fitch Ratings last week affirmed the A rating on the Jacksonville Port Authority’s $53 million of Series 2006 port revenue refunding bonds.

The affirmation is in conjunction with the authority’s plan to conduct an interest-rate period conversion on the Series 2006 bonds on March 5 from auction-rate mode to a long-term rate with a mandatory tender date of Nov. 1, 2009. Bond proceeds will refinance all of the JPA’s Series 2006 bonds.

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