Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Long Beach Port to Sell $60 Million Bonds to Refund Debt

The Port of Long Beach, California, the second-largest U.S. container port, is selling $59.9 million in revenue bonds to refinance debt used for upgrades as cargo volumes recover from recessionary lows.

Fitch Ratings assigned its second-highest grade, AA, to the securities, which will be used to refund $88.6 million in revenue bonds, the rating company said.

While competition and trends in international trade can lead to wide swings in cargo volume, the port is insulated by long-term contracts with tenants, Fitch said.

Container volume at the Port of Long Beach has risen since July 1, with twenty-foot equivalent units or TEUs up 2.3 percent through February over the previous year, Fitch said.

The Port of Long Beach is adjacent to the Port of Los Angeles, the busiest U.S. port as measured by cargo volume. Combined, the two constitute the seventh-busiest seaport complex in the world, according to Fitch.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.