S&P affirms Eurasia Drilling

Standard & Poor’s said it affirmed its BB long-term and B short-term corporate credit ratings on Eurasia Drilling Co.

The outlook is negative.

At the same time, S&P affirmed the ruAA Russia national scale rating on the company. S&P also affirmed the BB issue rating on Eurasia Drilling’s senior unsecured debt.

The affirmation reflects an expectation that Eurasia’s operating performance in 2016-2017 will remain robust, despite the current difficult market conditions in the oilfield services segment, S&P said in a news release.

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