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Published on 5/5/2006 in the Prospect News Convertibles Daily.

S&P: Transocean unaffected

Standard & Poor's said that comments made by marine contract driller Transocean Inc.'s (A-/stable) management team on its first quarter earnings call in reference to exploring options to further reward its shareholders does not immediately affect the rating on the company.

The agency said it believes management will continue to adhere to moderate financial policies and that the company will maintain a capital structure that is consistent with the current ratings going forward.


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