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Can NCPA manage its ports?

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To the editor:

Recently, one of the primary companies that provides ratings for municipal bonds (Fitch ratings) confirmed the N.C. State Ports Authority bond rating as a BBB+. This rating is based on, among other factors, the financial wherewithall of the entity, including its cash flow and “coverage ratio” (the amount, if any, by which the entity can cover the service of its outstanding debt.) Also reviewed are the reserves available to the entity, which are evidence of financial strength and management skill.


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The Brunswick Beacon | circulation@brunswickbeacon.com | 910-754-6890
P.O. Box 2558, Shallotte, NC 28459
Office Hours are 8:30 a.m. to 5:30 p.m., Monday through Friday