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S&P boosts Navios Maritime rating
S&P said it raised the issue rating on Navios Midstream Partners LP’s senior secured debt to B from B- because the collateral pool now has better recovery characteristics.
In March, the company conducted sale-and-purchase and ship-swap transactions with its owner Navios Maritime Acquisition Corp.
The agency affirmed the B- rating on the company.
The outlook is stable.
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