South Carolina Ports’ A1 credit rating was reaffirmed by Moody’s Investors Service, reflecting the credit agency’s confidence in the company’s long-term development trajectory and strong market position.
The continued movement of people and businesses to the US Southeast, along with South Carolina’s growing industrial activity, is driving expansion at SC Ports, according to the credit agency’s opinion.
Furthermore, SC Ports has invested in crucial infrastructure improvements to enable this expansion, ensuring that commodities are handled effectively by consumers.
According to Moody’s, the state of South Carolina’s persistent support for the port system and its infrastructure upgrades provides another cause for economic optimism.
The credit agency stated that SC Ports’ operational style results in productive operations and maintains SC Ports’ competitiveness as a top ten container port in the United States.
“South Carolina Ports’ mission is to drive economic growth in South Carolina for the benefit of our businesses and citizens. The A1 rating from Moody’s reaffirms their faith in the financial management of South Carolina Ports, which is critical to our long-term planning and future success,” stated Barbara Melvin, CEO and president of SC Ports.
