Related Issuers
by Stephen Carter
Sep 27, 2023 7:21 AM ET
EM/HY: Moody's/S&P rate Shelf Drilling Holdings Ltd (SHLFDI) $1.075bn 144A/Reg S sr sec 1st lien notes due 2029 (5.5y) B3/B- (stable/stable) Via GS+. Moody's also upgraded the corporate family rating to B3 from Caa1. S&P placed the CCC+ long-term issuer credit rating on CreditWatch positive with the expectation to upgrade it to B- after completion of the refinancing.