Fitch: Transocean unchanged

Fitch Ratings said it does not anticipate that Transocean Ltd.'s ratings will be impacted by the company's announcement that the company plans to implement a share repurchase program and a recurring dividend.

The company's board of directors has authorized management to implement a shareholder approved CHF 3.5 billion share repurchase program, the agency said.

Additionally, Fitch said that the board of directors has recommended an annual dividend of about $1 billion for a shareholder vote in May.

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