S&P puts Rentech Nitrogen on watch

Standard & Poor's said it placed its B corporate credit rating and other ratings on Rentech Nitrogen Partners LP on CreditWatch with negative implications.

"The rating action reflects our view of the risk for weaker-than-expected earnings and cash flow as a result of the company's key East Dubuque, Ill., facility being nonoperational," said S&P credit analyst Paul Kurias in a news release.

The facility generates the bulk of the company's EBITDA and cash flow. At this point, information is not available on the length of time the plant will remain nonoperational as a result of a reported fire.

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