Baker Hughes Inc.'s Proposed $2.5 Billion 4(2) Commercial Paper Program Assigned Short-Term Rating Of 'A-1' Nov 11
- Language: English
- Published: November 2011
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The ratings on oilfield services provider Baker Hughes Inc. reflect its strong competitive position in the oilfield services sector, a track record of solid free cash flow generation through prior industry cycles, and modest financial risk profile. Standard & Poor's Ratings Services' ratings also incorporate Baker Hughes' participation in the highly cyclical and competitive oilfield service sector. As of March 31, 2011, Houston-based Baker Hughes had $4.6 billion in adjusted debt, including Standard & Poor's analytical adjustments for operating leases and postretirement obligations. Baker Hughes is the third-largest diversified oilfield services company (in terms of revenues) and provides equipment and services to major, independent, and national oil companies worldwide. Baker Hughes' business risk profile benefits from favorable product and service...
Companies mentioned in this report are: Baker Hughes Inc.
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Baker Hughes Inc.