S&P rates Navios South American Logistics loan B-

S&P said it assigned its B- issue-level rating to Navios South American Logistics Inc.'s proposed $100 million senior secured term loan facility due in 2021.

At the same time, S&P revised its SACP on the company to b from b+ and also affirmed the B- corporate credit and senior unsecured notes ratings on the company.

“The ratings on Navios Logistics reflects the ratings on its parent company, Navios Maritime Holdings Inc. (B-/stable/--),” S&P said in a news release.

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