S&P affirms Kirby

Standard & Poor's said it affirmed its ratings on Kirby Corp., including the BBB+ long-term corporate credit rating.

The outlook remains stable.

The agency said that ratings on Kirby reflect its strong position in the domestic inland bulk liquid barge industry, favorable intermediate term industry prospects, the company's solid financial risk profile and stable revenues under mostly fixed-rate, long-term contracts.

These strengths are offset to some extent by exposure to moderate cyclical demand in certain markets, the potential for weather to affect demand and disrupt operations, and the company's ongoing investment activity, the agency noted.

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