Moody's: Ausdrill's credit profile increasingly driven by business in Africa
Announcement: Moody's: Ausdrill's credit profile increasingly driven by business in Africa. Global Credit Research- 26 Oct 2017. Sydney, October 26, 2017-- Moody's Investors Service says that the credit profile of Ausdrill Limited continues to improve on falling leverage and earnings growth as the company increasingly reaps the benefits of its business in Africa.Ausdrill operates through four segments: Drilling Services Australia, which provides drilling services and drilling equipment including drilling and blasting, in-pit grade control, exploration drilling and water well drilling; Equipment Services and Supplies, which provides mining supplies, products and services including equipment hire, equipment parts and sales; Contract Mining Services Africa, which provides mining services such as drilling and blasting, in-pit grade control, exploration drilling and earthmoving; and All Other, which includes the energy drilling and equipment hire, mineral analysis, property holding services and services to the telecommunications and utility sector.
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