Moody's confirms Shelf Drilling's B2 CFR; stable outlook
London, 27 January 2017-- Moody's Investors Service, took a number of rating actions on Shelf Drilling Midco, Ltd. and Shelf Drilling Holdings, Ltd.. Moody's confirmed Midco's B2 Corporate Family Rating and upgraded the Probability of Default Rating to B2-PD/LD from Ca-PD. Moody's also assigned a B2 rating for Holdings' Nov 2020 USD502.8 million senior secured notes and confirmed the B2 rating of Holdings' Nov 2018 USD30.4 million outstanding senior secured notes.
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