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Ausdrill Announces Standard and Poor's Upgrades Ratings

11 Oct 2017  |  20:16:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Standard and Poor's Upgrades Ausdrill's Ratings

Ausdrill advised that Standard and Poor's Global Ratings have upgraded the Company's credit ratings. The details of the upgrade are that the corporate credit and senior unsecured notes ratings have been upgraded to "BB-" from "B+", and the senior secured debt rating has been upgraded to "BB+" from "BB". The Company advised that the outlook on these ratings is stable.

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