Debt Issuance and Debt Management Policy
Massport’s Debt Issuance and Debt Management Policy (the “Debt Policy”) establishes direction from the Board for the issuance and management of the Authority’s long- and short-term debt. The Debt Policy provides guidelines for effective debt management. It is intended to assure that: (1) all debt is paid on time and in full, (2) Massport complies with all applicable legal and regulatory requirements, and (3) Massport adheres to prudent policy guidance regarding debt issuance and management that is intended to maintain the Authority’s strong credit ratings. The Board will review and reauthorize the Debt Policy every five (5) years.