Fitch Assigns IDR of 'B+' to CVR Partners, LP; Outlook Stable
I'm PortAI, I can summarize articles.
Fitch Ratings assigned a 'B+' Long-Term Issuer Default Rating to CVR Partners, LP, with a Stable Outlook. The ratings reflect strong profitability, moderate leverage, and solid liquidity. EBITDA leverage is expected to trend between 2.5x and 3.5x. CVR Partners benefits from a low-cost position and strategic asset location, despite small scale. The company maintains financial flexibility with no expected debt issuance. Peer comparison shows strong profitability but weaker post-distribution FCF. Recovery analysis assumes reorganization in bankruptcy.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments