Moody's says Natural Resource Partners sale of construction aggregates business is credit positive
Moody's Investors Service ("Moody's") said that Natural Resource Partners L.P.'s ("NRP") plan to sell its construction aggregates business and accelerate deleveraging is credit positive, but will not immediately impact the company's ratings or outlook. For additional ...Natural Resource Partners owns, manages and leases a portfolio of mineral properties, including interests in coal, soda ash from trona and other natural resources. The company has two segments: coal royalty and other, which consists primarily of coal royalty properties and coal related transportation and processing assets; and soda ash, which, via Ciner Resources LP, the company's operating partner, mines trona, processes it into soda ash, and distributes the soda ash both domestically and internationally into the glass and chemicals industries. The company's operations are conducted through its NRP (Operating) LLC susbsidiary, and its operating assets are owned by its subsidiaries.
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