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Fitch revises Enviva view to positive
Fitch Ratings said it affirmed the long-term issuer default rating of BB- and senior unsecured rating of BB-/RR4 for Enviva Partners LP.
The outlook was revised to positive from stable.
“The positive outlook reflects EVA's strong cash flow profile stemming from the expected dropdown transactions in 2019 and 2020 as well as volume ramp up from the existing contracts,” the agency said in a news release.
“The dropdown transactions will provide EVA with additional production volumes that are underpinned by long-term take-or pay contracts, which will bring in accretive earnings for the company starting in 2019.”
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