Weatherford Announces S&P Credit Rating Upgrade To ‘BB-' From 'B+', Positive Outlook
Weatherford International(WFRD) GlobeNewswire News Room·2024-09-11 04:46
HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") today announced the Company's issuer credit rating has recently been upgraded to 'BB-' from 'B+' by S&P Global Ratings ("S&P"). S&P based the rating upgrade on multiple factors, including improved operating efficiency and debt repayment. Girish Saligram, President and Chief Executive Officer of Weatherford, commented, "The latest S&P credit rating upgrade reflects the significant advance ...