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Ausdrill Announces Moody's Upgrades Credit Ratings

09 Oct 2017  |  18:13:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Moody's Upgrades Ausdrill's Credit Ratings

Ausdrill advised that Moody's Investors Service has upgraded the Company's credit ratings. The Company noted that the corporate family rating of the Company has been upgraded to "Ba3" from "B1" and the US$300m senior unsecured notes rating of Ausdrill Finance has been upgraded to "Ba3" from "B2". The Company also advised that the outlook on both these ratings is stable.

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