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Moody’s Upgrades Odfjell Drilling Ltd’s Credit Rating to B1

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Moody’s Upgrades Odfjell Drilling Ltd’s Credit Rating to B1

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An update from Odfjell Drilling Ltd. ( (DE:OD3) ) is now available.

Moody’s has upgraded Odfjell Drilling Ltd’s credit rating to B1, citing good earnings visibility, declining capital spending, and debt amortization as factors that will strengthen the company’s credit quality in the next 12-18 months. This upgrade reflects Odfjell Drilling’s strong position in the offshore drilling sector and is expected to positively impact its operations and market perception.

More about Odfjell Drilling Ltd.

Odfjell Drilling Ltd is a company operating in the offshore drilling industry, known for its solid standing and long operational track record. The company boasts a top-tier fleet with competitive advantages recognized by customers, and it maintains good liquidity and prudent financial policies.

Average Trading Volume: 281,091

Current Market Cap: NOK15.52B

See more insights into OD3 stock on TipRanks’ Stock Analysis page.

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