McDermott International (MDR) Upgraded by S&P and Moody's
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McDermott International, Inc. (NYSE: MDR) announced that both of the major corporate credit rating services, Standard & Poor's Ratings Services ("S&P") and Moody's Investors Service ("Moody's"), have upgraded their respective ratings of McDermott and its rated subsidiaries.
Included among the recent ratings activity, McDermott's corporate credit rating at S&P was raised to BB+ from BB, with a positive outlook, and the Company's corporate family rating at Moody's was raised to Ba2 from Ba3, also with a positive outlook.[SM]
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