Halifax Port Authority Credit Rating Affirmed at A+; Outlook Remains Positive

August 21, 2023, Halifax, N.S. – S&P Global Ratings affirmed its ‘A+’ long-term issuer credit rating on the Halifax Port Authority (HPA). The outlook is positive.

The report states, “We view HPA’s management and governance assessment as very strong. We consider management to be experienced and knowledgeable regarding markets and the industry. Its policies and governance have consistently allowed it to meet its financial and operational goals.”

“The HPA takes seriously it’s responsibility to manage the business well and add value to the Canadian economy,” said Paul MacIsaac, Senior Vice President, Halifax Port Authority. “We have a number of excellent partners at the Port of Halifax including PSA Halifax, CN, and ILA Labour among others. All are committed to the long-term vision for continued growth through our Port. Our 50-Year Plan is a roadmap for strategic, sustainable development and we are executing on that plan.”

About the Port of Halifax:

The Port of Halifax is Canada’s Ultra Atlantic Gateway, connecting to more than 150 countries. In 2022, the total impact of the Port of Halifax on the Province of Nova Scotia was $4.87 billion in economic output with the direct portion being $3 billion. This level of activity generated direct and spin-off positive impacts of $2.5 billion in GDP, $1.6 billion in labour income and over 23,300 jobs.

Offering a natural, deep harbour and big ship infrastructure, Halifax can accommodate large volumes of containerized cargo, bulk cargo, and project cargo. Collaborating and working with strong partners and stakeholders, the Port community in Halifax continues to deliver excellence.


Lane Farguson
Director, Communications & Marketing
Halifax Port Authority
Ph. (902) 426-7375
[email protected]