Fitch affirms Transocean

Fitch Ratings said it has affirmed Transocean, Inc.'s ratings as follows: issuer default rating at BBB; senior unsecured at BBB; senior unsecured bank facility at BBB; short-term issuer default rating at F2; and commercial paper at F2.

Also affected was GlobalSantaFe with issuer default rating at BBB; and senior unsecured at BBB.

The outlook is stable.

Fitch added that the affirmation of Transocean's ratings reflects the company's sizable fleet of offshore drilling rigs, the large contract revenue backlog of the company and continued improvements to the company's credit metrics following the 2007 merger with GlobalSantaFe.

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