Weatherford announces upgrade in credit rating to 'b' from 'b-', outlook stable

Houston, dec. 07, 2022 (globe newswire) -- weatherford international plc (nasdaq: wfrd) (“weatherford” or the “company”) today announced the company's issuer credit rating has recently been upgraded to 'b' from 'b-' by s&p global ratings (“s&p”). s&p based the rating upgrade in part due to improvements in financial performance and liquidity driven by stronger operational performance, the recently announced $400 million credit facility and the series of debt repayment transactions that improved liquidity and debt leverage profile demonstrating the company's improved access to capital markets, as well as expected continued improvement in market conditions and the company's financial measures.
WFRD Ratings Summary
WFRD Quant Ranking