Moody's assigns Navios Logistics notes B3

Moody's Investors Service said it assigned a B3 rating to the new $500 million of guaranteed senior secured notes due 2025 co-issued by Navios South American Logistics Inc. and its subsidiary Navios Logistics Finance (US) Inc.

The notes will refinance the guaranteed senior secured term loan B due 2021 and $375 million of guaranteed senior notes due 2022. Moody's expects to withdraw the ratings on the term loan B and senior notes upon repayment.

Moody's also affirmed the corporate family rating of Navios South American Logistics at B3 and its probability of default rating at B3-PD.

The outlook remains negative.

© 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.