Business View Magazine | June 2020

6 BUSINESS VIEW MAGAZINE JUNE 2020 FOR “STRONG NOMIC IMPACTS proven to stabilize revenues,” underscoring the Port of Brownsville’s advantage in managing risk as the largest land-owning port in the United States, with more than 40,000 acres and available resources for large-scale industrial developers. “Healthy” Debt Service Coverage Ratio The report also highlights the Port of Brownsville’s strong 5.0 Debt Service Coverage Ratio (DSCR), which is more than double that of most other ports Moody’s analyzed and indicates “a strong position from which to absorb and manage revenue pressures.” DSCR is a standard measure of cash flow available to pay current debt obligations. Through such careful financial management, “ports’ debt service coverage and liquidity are key credit features that enable them to manage revenue disruptions and other extraordinary challenges in this period of unprecedented stress,” the report states. The Port of Brownsville continues to drive economic growth regionally and across Texas. A 2019 economic impact study by Martin and Associates – the nation’s leading maritime economist – found that economic activity generated by the Port of Brownsville resulted in $3 billion in economic impact and produced $201 million in annual tax revenues, supporting more than 51,000 jobs across Texas, including 8,500 in the Rio Grande Valley. www.portofbrownsville.com For a copy of the report visit: https://www.moodys.com/researchandratings/ sector-in-depth/003003004/ sector-research/sectorb,l-in-dep th/003003004/003003004/-/0/0/-/0/-/-/-/-1/-/-/-/ en/global/pdf/-/rra The Brownsville Navigation District Commission is taking responsible steps to maintain a stable financial foundation to attract continued growth and job creation