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S&P lowers Martin Midstream view to negative
Standard & Poor's said it revised the outlook on Martin Midstream Partners LP to negative from stable.
The agency also affirmed its B+ corporate credit rating and B rating on its senior unsecured notes.
The negative outlook reflects that Martin's business profile has weakened due to meaningful development and re-contracting risk surrounding the natural gas storage assets, which outweigh the benefits of Martin Resource Management Corp.'s Harris County litigation settlement, S&P said.
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