Weatherford Announces Fitch Credit Rating of ‘B+’
30 Outubro 2023 - 9:16AM
Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or
the “Company”) today announced Fitch Ratings (“Fitch”) has
initiated a credit rating of ‘B+’ with Stable Outlook. The credit
rating reflects Weatherford’s diversification, size, scale,
improving margin profile, and debt-focused capital allocation.
Girish Saligram, President and Chief Executive
Officer of Weatherford, commented, “We are pleased with the
positive rating and re-engagement with Fitch. The rating is
reflective of the continuous improvements we have made in our
operating performance and balance sheet, resulting from our focus
on generating sustainable profitability and cash flow.”
About Weatherford
Weatherford delivers innovative energy services
that integrate proven technologies with advanced digitalization to
create sustainable offerings for maximized value and return on
investment. Our world-class experts partner with customers to
optimize their resources and realize the full potential of their
assets. Operators choose us for strategic solutions that add
efficiency, flexibility, and responsibility to any energy
operation. The Company operates in approximately 75 countries and
has approximately 18,000 team members representing more than 110
nationalities and 335 operating locations.
Visit weatherford.com for more information and connect
with us on social media.
Contact:Mohammed TopiwalaVice President,
Investor Relations and
M&Ainvestor.relations@weatherford.com
For Media:Kelley HughesSr. Director, Corporate
Communications and Employee Engagement media@weatherford.com
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