Moody’s Investors Service recently upgraded the General Obligation Limited Tax bond ratings for Port of Olympia.

The advisory notice raised the GOLT bond ratings from Aa3 to Aa2, reflecting Moody’s view of the credit strength of these obligations, which carry a “full faith and credit” pledge, and are payable from all legally available funds.

Generally, this improved rating will result in lower interest costs on any new bond issuance by Olympia’s port district.