Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research LOOP LLC

LOOP LLC

Published Sep 18, 2019

8 pages (2828 words) — Published Sep 18, 2019

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

The negative outlook on LOOP reflects a continuing changing U.S. crude production environment that has reduced throughput volume. Import and storage volumes are expected to remain low in 2019 due to market conditions and outages for regulatory maintenance, leading to debt to EBITDA of approximately 4.6x in 2019. We anticipate leverage returning in 2020 to between 3x and 3.25x as export volumes rise. We could downgrade LOOP if the competitive position continues to deteriorate while leverage remains above 3.5x. This could happen if import volumes continue to decrease without a material offset from export volumes due to strong domestic crude production and completion of new U.S. export facilities. We could revise the outlook to stable if leverage approaches 3x in

Brief Excerpt:

...(Editor's Note: On Aug. 4, 2020, we republished this article, originally published Sept. 18, 2019, to correct an incorrect group credit profile. It is '##-'. A corrected version follows.)...

Report Type:

Full Report

Ticker

3281Z

Issuer

LOOP LLC

GICS

Oil & Gas Storage & Transportation (10102040)

Sector

Global Issuers, Structured Finance

Country

United States

Region

United States

Format:

PDF

Research Update: LOOP LLC Outlook Revised To Stable On Increasing Volumes In Exports Business; 'BBB+' Ratings Affirmed – 2020/08/06 – US$ 225.00

LOOP LLC – 2021/08/27 – US$ 500.00

LOOP LLC – 2022/10/07 – US$ 500.00

Research Update: LOOP LLC 'BBB+' Rating Affirmed After Adoption Of Lease Accounting Standard; Outlook Stable – 2023/08/24 – US$ 225.00

LOOP LLC – 2023/11/01 – US$ 500.00

Research Update: LOOP LLC Outlook Revised To Negative; 'BBB+' Ratings Affirmed – 2018/08/28 – US$ 225.00

Research Update: LOOP LLC Ratings Raised To 'BBB+' From 'BBB', Outlook Stable – 2017/08/03 – US$ 225.00

Research Update: LOOP LLC Outlook Revised To Positive On Improving Credit Measures; Ratings Affirmed – 2016/11/21 – US$ 225.00

Summary: LOOP LLC – 2015/12/02 – US$ 225.00

LOOP LLC 'BBB' Corporate Credit Rating Affirmed; Outlook Stable – 2014/11/19 – US$ 150.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "LOOP LLC" Sep 18, 2019. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/LOOP-LLC-2489856>

APA:	S&P Global Ratings’ Credit Research. (). LOOP LLC Sep 18, 2019. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/LOOP-LLC-2489856>

US$ 500.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.