Fitch gives STG Logistics B+, loans BB-

Fitch Ratings said it assigned a B+ issuer default ratings to Reception Mezzanine Holdings, LLC, which does business as STG Logistics and Reception Purchaser LLC.

The agency assigned a BB-/RR3 rating to Reception Purchaser’s senior secured revolver and term loan.

The outlook is stable.

“The acceleration of e-commerce and supply chain changes are driving demand for import, export, and warehousing services,” the agency said in a news release.

“STG's rating reflects the company's scale within the U.S. (#3 intermodal, #1 inland distribution), with diversification by geography, end market, and customer,” the agency said in a news release.

“These strengths are balanced by its leveraged financial structure, marginal liquidity, exposure to labor and fuel cost inflation, dependence on global trade flows, and degree of integration risk.”

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