Martin Midstream Partners' Credit Rating on Negative Outlook

S&P Global Ratings downgraded Martin Midstream Partners outlook to negative due to weaker-than-expected Q3 2025 earnings, primarily from a decline in inland barge demand and reduced heavy crude imports from Venezuela. The companys limited financial flexibility, high debt levels, and upcoming debt maturities pose potential risks. However, S&P anticipates a recovery in the marine transportation business in Q4 2025 and beyond. Further downgrades may occur if financial health deteriorates, debt refinancing fails, or loan agreements are breached.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.