Posted at 1:02 p.m., Friday, January 28, 2005
BUSINESS BRIEFS
Hawaii Second In Percentage Of Unionzed Workers
Advertiser Staff
Hawaii ranks second only to New York among the 50 states in percentage of workers who are members of labor unions, according to U.S. Department of Labor data published by Bloomberg News Service.Of Hawaii's total workforce of 533,000, 23.7 percent are union members, according to the data. In New York, 25.3 percent of its total 7.9 million total workforce were union members. Alaska ranked third, with union members making up 20.1 percent of its 268,000 workforce.
Alexander & Baldwin Receives "A-" Credit Rating
Alexander & Baldwin, Inc said today that Standard & Poor's Ratings Services has assigned its 'A-' corporate credit rating to the Honolulu-based company.
"This is the first time that A&B has sought a corporate rating. As a result, we are pleased to receive an 'A-' ranking," said Allen Doane, president and chief executive officer of A&B. "S&P's evaluation considered the fundamental characteristics of our businesses, plus our earnings performance and strong financial position."
S&P also affirmed its 'A-' corporate credit rating on A&B's subsidiary, Matson Navigation Company, Inc. That rating is consistent with the long-standing rating Matson had on its commercial paper.
