Port of Oakland Maintains Strong ‘A+’ and ‘A’ Credit RatingsStable Port of Oakland outlook reflects financial strength due to diversified operationsOakland, Calif. – The Port of Oakland announced that Standard & Poor’s (S&P) Global Ratings has maintained its strong credit rating, assigning an ‘A+’ rating to senior-lien bonds and an ‘A’ rating to intermediate-lien bonds, both with a stable outlook.The report highlights the Port’s varied revenue streams and relatively stable financial metrics, which continue to support operations.“Maintaining strong credit ratings is essential to our ability to invest in infrastructure and serve the region,” said Port of Oakland Executive Director Kristi McKenney. “This recognition reflects our disciplined financial management and the strength of our diversified business model.”Port revenues come from a mix of business lines, including aviation, maritime shipping, commercial real estate, and Port utility. This balance helps stabilize finances when one area slows.S&P noted that while Oakland San Francisco Bay Airport passenger volumes have declined in recent years, the impact to the Port has been mitigated by rate adjustments, non-airline revenues, and stable maritime cargo activity.The report also cited:Consistent maritime cargo volumes supported by a balanced mix of imports and exportsStrong financial management and planningSolid cash reserves and manageable debt levelsLooking ahead, the Port plans to invest in infrastructure through a long-term capital program, while maintaining financial performance measures in line with its current ratings.S&P said the stable outlook reflects expectations that the Port will continue to manage its finances carefully and maintain steady performance across its business lines.About the Port of OaklandThe Port of Oakland generates vital economic activity, community benefits and environmental innovation, as the Port decarbonizes its operations for a cleaner and greener future. Along with its partners, the Port supports 98,345 jobs in the region and $174 billion in annual economic activity. The Port oversees Oakland San Francisco Bay Airport, the Oakland Seaport and nearly 20 miles of waterfront including Jack London Square, and a publicly owned utility. The Port of Oakland is Everyone’s Port! Connect with the Port of Oakland and Oakland San Francisco Bay Airport through Facebook and Twitter, or with the Port on LinkedIn, YouTube, and at www.portofoakland.com.
via IFTTT
Note from Oakland News Now Blog, Zennie62 YouTube, and Zennie62Media: this Oakland News Online Blog video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018. This is a major part of Zennie62Media , Inc.’s new and innovative approach to the production of news media. This is what we call “The Third Wave of Media”. The uploaded video is from a vlogger with the Zennie62 on YouTube Partner Channel, then uploaded to and formatted automatically at the Oakland News Online Blog site and Zennie62Media -created and owned social media pages. The overall objective is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours. Now, news is reported with a smartphone: no heavy and expensive cameras or even a laptop are necessary, thus less chance for Oakland News Online Blog, Zennie62 YouTube vloggers to be robbed. The secondary objective is faster, and very inexpensive media content news production and distribution. We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners.
More Oakland News Now Online Updates:
Join The Conversation
Write up to 800 characters, attach a YouTube link, or record a native Video Tell up to five minutes.
Join the conversation
Create a free Oakland News Now - Local Bay Area News Online account, confirm your email, and the confirmation link will bring you back ready to record a Video Tell.
Already a member? Log in and go directly to the Video Tell recorder.