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Prospect News home > News index > List of issuers T > Headlines for TransMontaigne Partners LP > News item |
Fitch rates TransMontaigne, notes BB
Fitch Ratings said it assigned a long-term issuer default rating of BB to TransMontaigne Partners LP and BB/RR4 ratings to its senior unsecured notes.
Fitch said the BB/RR4 ratings reflect its expectation that in an event of default the recovery for the senior unsecured notes will be in the range of 31% to 50%.
Proceeds will be used for the repayment of debt and other general corporate purposes.
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