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Prospect News home > News index > List of issuers E > Headlines for Enviva Partners LP > News item |
Fitch assigns BB- to Enviva, debt
Fitch Ratings said it assigned a long-term issuer default rating of BB- and senior unsecured rating of BB-/RR4 to Enviva Partners, LP.
The outlook is stable.
Fitch said the ratings reflect Enviva’s revenue stability under its long-term contract profile, future growth opportunities associated with a currently favorable regulatory environment, and supportive ownership structure.
The company’s contracts are primarily take-or-pay and have a weighted average remaining term of 9.8 years as of the second quarter of 2017, which the agency said it expects to provide earnings stability in the near-term.
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