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TransMontaigne Partners L.P. -- Moody's places TransMontaigne's ratings under review for downgrade

Moody's Investors Service ("Moody's") placed the ratings of TransMontaigne Partners L.P. (TransMontaigne) under review for downgrade, including the Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR) and B2 rating on its senior unsecured notes. Moody's affirmed the company's SGL-3 Speculative Grade Liquidity Rating. The action follows the company's announcement that an affiliate of ArcLight Energy Partners Fund VI, L.P. has reached an agreement to purchase all the publicly held outstanding common units of TransMontaigne.