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TransMontaigne Partners LLC -- Moody's downgrades TransMontaigne's CFR to B1 from Ba3; stable outlook

Moody's Investors Service ("Moody's") downgraded the ratings of TransMontaigne Partners LLC (TransMontaigne), including the Corporate Family Rating (CFR) to B1 from Ba3, the Probability of Default Rating (PDR) to B1-PD from Ba3-PD and the rating on its senior unsecured notes to B3 from B2. Moody's affirmed the company's SGL-3 Speculative Grade Liquidity Rating. The action, which follows the acquisition by an affiliate of ArcLight Energy Partners Fund VI, L.P. of TransMontaigne's publicly held common units not previously held by ArcLight Energy Partners Fund VI, L.P. (and subsequent conversion of TransMontaigne Partners L.P. into a Delaware limited liability company, TransMontaigne Partners LLC), concludes the rating review initiated in December 2018.