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Leverage Has Been High: MMLP's standalone leverage has been high and ended 2017 at 5.2x, up from 4.6x at the end of 2016.
Lack of EBITDA Growth: MMLP has struggled to grow EBITDA over the last two years.
Rating Concerns: Concerns include MMLP's high leverage, limited access to capital markets in the current environment, its small size, and the possibility for cross default with its parent, MRMC.
Parent-Subsidiary Linkage Applies: In Fitch's approach to the ratings, it determined that the parent-subsidiary linkage applies and that in this case, there was a weaker parent (MRMC) and stronger subsidiary (MMLP).
MMLP is somewhat unique in Fitch's 'B' midstream universe with limited direct peers.
A vote for MMLP is a vote for our area so make your vote count & help our area secure a GBP10,000 cash prize and appear on a prestigious BBC One awards show in November!
New pitless type electronic weigh bridge 100mt, on built operate and transfer scheme bot basis for the period of 4 plus 1 years at mmlp tihi, dist indore, madhya pradesh
Tenders are invited for Quotation for making of shed for r o plant at mmlp - vskp
Tenders are invited for Repair and Maintenance contract of Railway Tracks at MMLP Tihi Dist Indore Madhya Pradesh
Tenders are invited for Repair and Maintenance contract of Railway Tracks at MMLP Tihi Dist Indore Madhya Pradesh Document cost : INR 1120 EMD value : INR 85860 Document Purchase Start date : 19 Apr 2019 Document Purchase End date : 13 May 2019 Opening date : 15 May 2019
Tenders are invited for Comprehensive amc for operation and maintenanace of centralized air conditioning at mmlp khatuwas
Tenders are invited for Comprehensive Amc For Operation And Maintenance Of Centralized Air Conditioning Plant Vrv Units Tower Window And Split Air Conditioning Units Installed At Mmlp Kathuwas Rajasthan Document cost : INR 1000 EMD value : INR 98739 Document Purchase Start date : 12 Apr 2019 Document Purchase End date : 02 May 2019 Opening date : 03 May 2019
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- Mmmeri Mouloud