S&P affirms Rentech, removes from negative watch

Standard & Poor's said it affirmed the B corporate credit rating and other ratings on Rentech Nitrogen Partners LP.

S&P also said it removed the ratings from CreditWatch, where they were placed with negative implications in December 2013 following reports of a fire that temporarily halted operations at a key plant.

The outlook is negative.

The CreditWatch resolution follows the company's report that the damaged plant is operational again, S&P said.

The ratings reflect the company's aggressive financial profile, its vulnerable business risk profile with a narrow focus on commodity fertilizer products and earnings concentration in a single location, the agency said.

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