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Precision Drilling Corporation: Update following change in outlook to ...

Our credit view of this issuer reflects its track record of good liquidity and conservative financial policy, offset by its small asset base.

Moody's Ratings changes Precision's outlook to positive; affirms Ba3 C...

Moody's Ratings (Moody's) changed Precision Drilling Corporation's (Precision) outlook to positive from stable and affirmed the company's Ba3 corporate family rating (CFR), Ba3-PD probability of default rating (PDR) and B1 senior unsecured ratings. Precision's SGL-2 (good) speculative grade liquidit...

Precision Drilling Corporation: Update following upgrade to Ba3

Our credit view of this issuer reflects its allocation of free cash flow toward debt reduction and its multi-basin footprint with good market position and high-quality rig fleet.

Moody's upgrades Precision Drilling's CFR to Ba3; stable outlook

Moody's Investors Service (Moody's) upgraded Precision Drilling Corporation's (Precision) corporate family rating (CFR) to Ba3 from B1, probability of default rating (PDR) to Ba3-PD from B1-PD and senior unsecured ratings to B1 from B2. Precision's SGL-2 (good) speculative grade liquidity rating is ...

Precision Drilling Corporation: Update following upgrade to B1

Our credit view of this issuer reflects its high quality rig fleet, against its exposure to volatile North American land drilling market.

Precision Drilling Corporation: Update following upgrade to B1

Our credit view of this issuer reflects its high quality rig fleet, against its exposure to volatile North American land drilling market.

Moody's upgrades Precision Drilling's CFR to B1; outlook positive

Moody's Investors Service (Moody's) upgraded Precision Drilling Corporation's (Precision) corporate family rating (CFR) to B1 from B2, probability of default rating (PDR) to B1-PD from B2-PD and senior unsecured rating to B2 from B3. Precision's SGL-2 speculative grade liquidity rating is unchanged....

Moody's upgrades Precision Drilling's CFR to B1; outlook positive

Moody's Investors Service (Moody's) upgraded Precision Drilling Corporation's (Precision) corporate family rating (CFR) to B1 from B2, probability of default rating (PDR) to B1-PD from B2-PD and senior unsecured rating to B2 from B3. Precision's SGL-2 speculative grade liquidity rating is unchanged....

Moody's upgrades Precision Drilling's CFR to B1; outlook positive

Moody's Investors Service (Moody's) upgraded Precision Drilling Corporation's (Precision) corporate family rating (CFR) to B1 from B2, probability of default rating (PDR) to B1-PD from B2-PD and senior unsecured rating to B2 from B3. Precision's SGL-2 speculative grade liquidity rating is unchanged....

Precision Drilling Corporation: Improving fleet utilization and day ra...

Our credit view of this issuer reflects its high quality rig fleet and its positive free cash flow and good liquidity, constrained by its high financial leverage

Moody's announces completion of a periodic review of ratings of Precis...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Precision Drilling Corporation. Global Credit Research- 21 Jan 2022. Toronto, January 21, 2022-- Moody's Investors Service has completed a periodic review of the ratings of Precision Drilling Corporation and other ratings that are associated with the same analytical unit.

Precision Drilling Corporation: Update following change in outlook to ...

Our credit view of this issuer reflects improving market conditions and positive free cash flow which it will use to repay debt, constrained by elevated leverage and low utilization rates.

Moody's changes Precision Drilling's outlook to positive, affirms B2 C...

Rating Action: Moody's changes Precision Drilling's outlook to positive, affirms B2 CFR. Global Credit Research- 07 Sep 2021. Toronto, September 07, 2021-- Moody's Investors Service has today changed the outlook on Precision Drilling Corporation to positive from negative.

Moody's assigns a B3 to Precision's proposed notes

Rating Action: Moody's assigns a B3 to Precision's proposed notes. Global Credit Research- 01 Jun 2021. Toronto, June 01, 2021-- Moody's Investors Service assigned a B3 rating to Precision Drilling Corporation's proposed senior unsecured notes.

Precision Drilling Corporation: Update to credit analysis

Our credit view of Precision Drilling, reflecting its declining EBITDA balanced by positive free cash flow which it will use to reduce debt.

Moody's announces completion of a periodic review of ratings of Precis...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Precision Drilling Corporation. Global Credit Research- 19 Feb 2021. Toronto, February 19, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Precision Drilling Corporation and other ratings that are associated with the same analytical unit.

Precision Drilling Corporation: Key facts and statistics - LTM March 2...

A summary company profile, detailing Precision Drilling Corporation’s business operations and financial highlights.

Precision Drilling Corporation: Update following downgrade to B2

Our credit view of Precision Drilling, highlighted by increasing financial leverage in 2020, positive free cash flow and a high quality rig fleet.

Moody's announces completion of a periodic review of ratings of Precis...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Precision Drilling Corporation. Global Credit Research- 02 Apr 2020. Toronto, April 02, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Precision Drilling Corporation and other ratings that are associated with the same analytical unit.

Moody's downgrades Precision Drilling's CFR to B2

Rating Action: Moody's downgrades Precision Drilling's CFR to B2. Global Credit Research- 31 Mar 2020. Toronto, March 31, 2020-- Moody's Investors Service downgraded Precision Drilling Corporation's Corporate Family Rating to B2 from B1, Probability of Default Rating to B2-PD from B1-PD, senior unsecured rating to B3 from B2 and Speculative Grade Liquidity Rating to SGL-2 from SGL-1.

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