...June 18, 2021 - Marshall Islands-registered Navios Maritime Partners L.P. (Navios Partners) has completed the acquisition of Navios Maritime Containers (Navios Containers) in an equity-swap transaction, which added 29 containerships to its fleet (expanding it to 89 dry bulkers and containerships in total). - The acquisition, combined with Navios Partners' existing ships, provides the company with larger scale and diversity along with a longer duration time charter (T/C) profile. - Furthermore, we believe that favorable charter rate conditions will continue and underpin Navios Partners' capacity to lower debt from excess cash flows, while achieving sustained S&P Global Ratings-adjusted funds from operations (FFO) to debt of at least 30%. - Therefore, we raised our long-term issuer credit rating on Navios Partners to '##-' from 'B+'. - The positive outlook reflects that we could raise the rating if industry momentum persists and allows Navios Partners to re-charter its ships at rates consistent...
