E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers W > Headlines for Weatherford International plc > News item
Published on 4/2/2020 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P cuts Weatherford International

S&P said it lowered Weatherford International plc and the company’s senior unsecured ratings to CCC+ from B- and senior secured rating to B from B+.

“We expect the financial performance of Weatherford International plc (WFT) to weaken significantly in 2020 and 2021 versus previous expectations, with FFO/debt remaining below our downgrade trigger of 12%,” said S&P in a press release.

The outlook is negative.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.