S&P Global Ratings on September 14 assigned its AA+ credit rating to the Port of Tacoma’s bond financings planned for 2026 and reaffirmed the AA+ rating on the Port's outstanding general obligation and senior lien revenue bond debt.  

S&P also maintained its AA ratings on the Port's subordinate lien variable-rate bonds supported by major banking institutions and assigned a stable outlook for the Port’s finances.  

“The stable outlook reflects our view that the port will maintain healthy financial metrics, supported by its historically robust financial margins and property tax revenue,” S&P Global Ratings said in a news release.

“This rating reflects the Port’s commitment to fiscal responsibility,” said Port of Tacoma Commission President Dick Marzano. “S&P’s recognition that we can meet our financial commitments is a testament to our stewardship of public dollars.”

S&P Global Ratings considers the creditworthiness of entities that issue debt, including governments.