S&P assigns BBB to Weatherford notes

Standard & Poor's said it assigned a BBB rating to Weatherford International Inc.'s proposed senior unsecured notes due 2022 and 2042.

S&P said the BBB rating and stable outlook on Weatherford International reflect what S&P views as a "satisfactory" business profile, based on its position in the oilfield services industry and its intermediate financial profile. The ratings take into account the improvement in the company's operating performance and credit protection measures, which are at levels fully satisfactory for the rating category, the agency said.

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