Fitch Affirms 'B+' IDR on Transocean (RIG); Outlook Remains Negative
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Fitch Affirms Transocean Inc. at 'B+'; Outlook Negative
October 10, 2016 1:27 PM EDTCHICAGO--(BUSINESS WIRE)-- Fitch Ratings has affirmed Transocean Inc.'s (Transocean; NYSE: RIG) Long-Term Issuer Default Rating (IDR) at 'B+'. In addition, Fitch rates Transocean Phoenix 2 Limited's Long-Term IDR 'B+' and senior secured notes 'BB-'/'RR3'. The Rating Outlook remains Negative. A full list of rating actions follows at the end of this release.
Approximately $8.7 billion of debt, excluding the outstanding Eksportfinans loans, is affected by today's rating actions.
The secured debt rating considers the structural seniority of the notes given the lien on the Deepwater Thalassa... More
