Moody's Ratings affirms Kirby's Baa3 senior unsecured rating; changes outlook to positive
Moody's Ratings (Moody's) affirmed the issuer rating and senior unsecured debt rating of Kirby Corporation (Kirby) at Baa3 and changed the outlook to positive from stable. The ratings affirmation and positive outlook reflect Moody's expectation that Kirby's operating performance will continue to i...Kirby operates tank barge. The company's marine transportation segment provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products. The company transports petrochemicals, black oil, refined petroleum products and agricultural chemicals by tank barge. The company's distribution and services segment, sells genuine replacement parts, provides service mechanics to overhaul and repair engines, transmissions, reduction gears and related oilfield services equipment, rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway and other industrial applications.
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