S&P: Golden State Petroleum view negative

Standard & Poor's said it revised the outlook on its BBB ratings on Golden State Petroleum Transport Corp.'s $127.1 million ($113.7 million outstanding) secured term notes due 2019 to negative from stable.

The negative outlook reflects Chevron Transport's nine-month nonbinding notice of termination for the bareboat charter on the very large crude carrier Antares Voyager as well as the potential charter termination on Phoenix Voyager, according to the agency.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.