S&P lifts Alexander & Baldwin view to stable

Standard & Poor's said it revised the outlook to stable from negative on Alexander & Baldwin Inc. and its subsidiary Matson Navigation Co. Inc.

The agency also said it affirmed the BBB+ long-term corporate ratings on these entities.

The ratings reflect its strong competitive position in ocean shipping, high-quality real estate portfolio and solid balance sheet, S&P said.

The risks associated with significant investment requirements and concentrated end-market demand somewhat offsets these factors, the agency said.

S&P said the company's business risk profile is considered satisfactory, its financial risk profile is considered intermediate and its liquidity is adequate.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.