Weatherford announces upgrade in credit rating to 'b+' from 'b', outlook positive

Houston, nov. 06, 2023 (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 the continued debt repayment as cash flows benefited from improved profitability and demand conditions. the positive outlook reflects expectation that the company's credit metrics will continue to improve amid supportive market conditions and further debt repayment.
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