OCI Partners LP -- Moody's: CF Industries' combination with OCI is credit positive, ratings unchanged

New York, August 06, 2015 -- Moody's Investors Service says that the combination of OCI N.V. (not rated) and CF Industries Holdings, Inc. (Baa2 stable) is credit positive for OCI Beaumont LLC (OCI, B1 CFR stable); however, OCI's rating and outlook remain unchanged. While all of the details of the $8 billion transaction have not been disclosed, the combined company will be a larger investment grade credit that owns roughly 80% of OCI Partners LP (the parent company of OCI). However, OCI will remain a variable distribution master limited partnership (MLP) with an elevated dividend and limited financial flexibility as 20% of the partnership shares will continue to be publicly held.

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