LOOP LLC 'BBB' Corporate Credit Rating Affirmed; Outlook Stable

Standard&Poor's Rating Services is affirming its 'BBB' corporate credit rating on LOOP LLC. At the same time, we are revising the company's business risk profile to "fair" from "satisfactory" and financial risk profile to "significant" from "aggressive." The stable outlook reflects our view that cash flow from LOOP's terminaling and storage businesses will remain relatively stable, leading to debt to EBITDA between 3x and 3.5x. NEW YORK (Standard&Poor's) Nov. 19, 2014--Standard&Poor's Ratings Services affirmed its 'BBB' corporate credit rating on Covington, La.-based LOOP LLC. At the same time, we affirmed the 'A-2' short-term rating. The 'bb' stand-alone credit profile (SACP) remains unchanged. We are revising the company's business risk profile (BRP) to "fair" from

...+ Standard & Poor's Rating Services is affirming its '###' corporate credit rating on LOOP LLC. At the same time, we are revising the company's business risk profile to "fair" from "satisfactory" and financial risk profile to "significant" from "aggressive." + The stable outlook reflects our view that cash flow from LOOP's terminaling and storage businesses will remain relatively stable, leading to debt to EBITDA between 3x and 3.5x. NEW YORK (Standard & Poor's) Nov. 19, 2014--Standard & Poor's Ratings Services affirmed its '###' corporate credit rating on Covington, La.-based LOOP LLC. At the same time, we affirmed the 'A-2' short-term rating. The '##' stand-alone credit profile (SACP) remains unchanged. We are revising the company's business risk profile (BRP) to "fair" from "satisfactory" and financial risk profile (FRP) to "significant" from "aggressive." "The BRP revision reflects our expectation that LOOP will generate a proportionately higher amount of its revenues from storage activities,...

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