29.05.2015 13:15:00
|
Navios Maritime Midstream Partners LP -- Moody's assigns first-time B2 rating to Navios Midstream; stable outlook
London, 29 May 2015 -- Moody's Investors Service has today assigned a first-time B2 corporate family rating (CFR) and a B2-PD probability of default rating (PDR) to Navios Maritime Midstream Partners L.P. (Navios Midstream). Concurrently, Moody's has assigned a provisional (P)B2 rating, with a loss given default (LGD) assessment of LGD4, 50% to the proposed US$205 million senior secured term loan B due 2020 to be issued by Navios Midstream and a US co-issuer Navios Maritime Midstream Partners Finance (US) Inc. The outlook on the ratings is stable. This is the first time Moody's has assigned ratings to Navios Midstream.