...October 17, 2025 FRANKFURT (S&P Global Ratings) Oct. 17, 2025--S&P Global Ratings today assigned its '##' issue- level rating to Navios Maritime Partners L.P.'s (Navios Partners, ##/Stable/--) proposed senior unsecured notes of up to $300 million due in 2030. The recovery rating is '3', indicating our expectation of meaningful recovery (50%-70%; rounded estimate: 65%) in the event of default. The recovery rating on the notes is capped at '3', with recovery prospects of 65%, based on the unsecured nature of the debt. Navios Partners is a leading shipping company that owns and operates a fleet of 175 vessels, including 67 dry bulk carriers, 51 containerships, and 57 crude oil and product tankers. It plans to use proceeds from the notes to refinance part of its secured floating rate debt. With that, 41 vessels will become unencumbered. The issue-level and recovery ratings on the proposed notes are based on preliminary information and subject to their successful issuance and our satisfactory...
