...LONDON (S&P Global Ratings) Aug. 15, 2022--S&P Global Ratings said today that it believes Navios Maritime Partners L.P.' acquisition of Navios Maritime Holdings' drybulk fleet will increase its debt leverage. However, the cash generation capacity of the acquired ships and benefits to Navios Maritime Partners' scale and diversity are likely to offset some of the financial impact. Therefore, S&P Global Ratings regards the acquisition as credit neutral for Navios Maritime Partners (##-/Positive/--). The transaction will add 36 drybulk vessels--26 owned and 10 chartered-in, with a total capacity of 3.9 million deadweight tons and an average age of 9.6 years--to Navios Maritime Partners' fleet, expanding it to 188 dry bulkers, tankers, and containerships in total (including 22 new-builds to be delivered through the first quarter of 2025). Moreover, the acquisition provides the company with larger scale, diversity, and an expanded customer base. We understand the acquisition will add up to $442...
