S&P: Ensco stable

Standard & Poor's said it revised its outlook on Ensco plc to stable from negative. The agency also affirmed all of its ratings, including the BBB+ corporate credit rating, on the company.

"The ratings on Ensco plc reflect our assessment of the company's business risk as strong and financial risk as intermediate," said credit analyst Ben Tsocanos in a news release.

S&P said the stable outlook reflects its expectation that Ensco will generate healthy cash flow from its existing assets and through new fleet additions.

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