S&P affirms Matson

Standard & Poor's said it affirmed its ratings on Matson Navigation Co. Inc., including the A- long-term corporate credit rating.

At the same time, S&P said it affirmed its A- long-term corporate credit rating on Matson's parent, Alexander & Baldwin Inc.

The outlooks remain stable.

According to the agency, ratings on Matson reflect its strong competitive position in ocean shipping and solid financial profile, offset somewhat by risks associated with significant investment requirements and concentrated end-market demand.

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