The elected five-member Canaveral Port Authority Board of Commissioners, Port Director and CEO have developed a world-class gateway for cruises. Port Canaveral.  Homeport to Carnival, Royal Caribbean, Norwegian and Disney cruise lines, Port Canaveral also handles cargo, recreation and logistics.  To those who invest more than time and memories in the cruise industry, an upcoming bond issuance may be of interest. 

SEE: Welcome Home: Enchantment Back To Port Canaveral

Canaveral Port Authority’s plans to issue a series of bonds for approximately $75 million in proceeds.  That plan has been reviewed and assigned favorable ratings by two nationally recognized statistical rating organizations (NRSROs).

Fitch Ratings has assigned an ‘A’ rating to Canaveral Port Authority (CPA) port revenue bonds, Series 2018 A&B. Moody’s Investors Service has assigned an ‘A2’ rating.

Why do we care about this other than the obvious investment opportunity? These bonds will finance Port Canaveral’s Cruise Terminal 3 project. That’s the homeport for Carnival Cruise Line’s upcoming Mardi Gras, the newest and largest cruise ship in Carnival’s fleet.

SEE: Port Canaveral Construction Project Biggest Ever