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Fly News Breaks for March 4, 2016
CPLP
Mar 4, 2016 | 07:35 EDT
BofA/Merrill downgraded Capital Product two notches to Underperform from Buy citing increased county-party uncertainty. The firm's analyst said reports indicate HMM will renegotiate charter rates, which could cause Capital Product's distribution coverage to fall below 1x.
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