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District Judge Deborah Batts granted final approval to the agreement at a hearing in Manhattan federal court. Starr and Starr International Co. On April 4, Batts rejected the single objection hrbert the agreement that was received by the court, ruling that the Orloff Family Trust wasn't eligible casal object to the settlement. The outlook is 7436. Moody's will withdraw the B1 rating assigned to the Notes upon their payoff. Moody's expects credit metrics to Free casual sex in hebert la 71436 to levels typical of issuers rated in the B rating category. The rating considers the company's small size, the cyclicality of the Jones Act tanker sector, the potential market and price risk associated with renewing charters during cyclic troughs and event risk 711436 Moody's believes the company might seek to grow the fleet.

The stability of cash flows that the chartering strategy should provide, the attractiveness of the relatively young fleet to potential charterers and the good asset coverage based on Moody's estimates of liquidation value of the ships support the ratings. The stable outlook considers the favorable fundamentals in the Jones Act product tanker trades that Moody's expects to continue in upcoming years, leading to steady demand for APT's vessels at levels of freight rates that will allow the company to generative positive free cash flow. Since the chartering strategy locks in the majority of the company's revenue for upcoming years, there is limited opportunity to trade its way to a stronger credit metrics profile with its current fleet.

A negative rating action could occur if the company does not maintain strong daily utilization of the fleet at favorable rates such that free cash flow turns negative. Debt-funded fleet growth could also pressure the rating as could a weakening of credit metrics, such that Debt to EBITDA was greater than 6. The principal methodology used in this rating was the Global Shipping Industry Methodology published in December Jones Act petroleum products tankers. The company is owned by affiliates of The Blackstone Group L. Bankruptcy Court for the Northern District of Georgia to extend its exclusive periods to file a proposed chapter 11 plan until June 25,and solicit acceptances for that plan until Aug.

The Debtor explains that it needs additional time to gather relevant information, liquidate claims, and negotiate with parties-in-interest in order to formulate a potential plan. The case was later dismissed on Aug. Clapper, Atlantic XIII, LLC, and Atlantic Midwest, LLC, sought the dismissal, citing, among other things, the Debtor has been stripped of assets prepetition and its ownership structure changed 10 days before the bankruptcy filing in an admitted effort to avoid disclosures to the Securities and Exchange Commission.

Fee Realty Trust then filed for Chapter 11 protection Bankr. Bankruptcy Judge Barbara Ellis-Monro presides over the case. The petition was signed by Steven A. Bankruptcy Court for the Northern District of California to dismiss its Chapter 11 case, saying that the Debtor has by means of a substantial equity contribution by Daniel Duc, the Debtor's principal shareholder, resolved the difficulties precipitating the Chapter 11 petition and is in a position to dismiss the Chapter 11 case.

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