Moody's Ratings assigns Baa2 rating to Helmerich & Payne's proposed senior notes
Moody's Ratings (Moody's) assigned a Baa2 rating to Helmerich & Payne, Inc.'s (H&P) proposed offering of a total of $1.25 billion senior unsecured notes that will be issued under three different maturities. H&P's existing Baa1 senior unsecured notes rating remains unchanged and on review for downgra...Helmerich & Payne provides drilling services and technologies for oil and gas exploration and production companies. The company's contract drilling business segments are: United States Land, which operates in Colorado, Louisiana, Ohio, Oklahoma, Montana, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia and Wyoming; Offshore, which operates in United States federal waters in the Gulf of Mexico; and International Land, which has rigs in Argentina, Bahrain, Colombia and United Arab Emirates. The company's drilling technology-based business segment, Helmerich & Payne Technologies, is focused on developing, promoting and commercializing technologies designed to improve the drilling operations.
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