Trinidad Drilling Ltd.: Update following upgrade to B2
Our credit view of Trinidad highlights improving credit metrics as a result of increasing activity levels in the Permian.Trinidad Drilling is a provider of oil and gas drilling equipment. Co.'s divisions operate in the drilling sector of the North American oil and natural gas industry with operations in Canada and the United States. In addition, through joint ventures, Co. operates drilling rigs in other international markets such as Saudi Arabia and Mexico. Co.'s operations are organized into five segments: Canadian operations, United States/International operations, Joint venture operations, Manufacturing operations, and Corporate. As of Dec 31 2015, Co. had 72 drilling rigs in Canada; 67 drilling rigs in the United States and International; 10 drilling rigs in Joint Venture.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.