Moody's rates Ausdrill notes Ba3

Moody's Investors Service said it assigned a definitive Ba3 rating to $300 million of 6 7/8% Rule 144A guaranteed senior unsecured notes due 2019, issued by Ausdrill Finance Pty Ltd., a 100% owned and guaranteed subsidiary of Ausdrill Ltd.

The outlook is stable.

Moody's definitive ratings on these notes confirm the provisional ratings assigned on Oct. 22. Moody's rating rationale was set out in a press release published on the same day.

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