Standard & Poor’s cut the underlying rating for the Port of Oakland’s senior-lien revenue bonds to A from A-plus, citing weakness at the agency’s airport and seaport businesses.

Standard & Poor’s also cut the underlying rating on the port’s intermediate-lien revenue bonds to A-minus from A.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.