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Baker Hughes Inc.'s Proposed $2.5 Billion 4(2) Commercial Paper Program Assigned Short-Term Rating Of 'A-1' Nov 11
Standard & Poors, Nov 2011
Abstract
NEW YORK (Standard & Poor's) Nov. 23, 2011--Standard & Poor's Ratings Services said today that it has assigned its 'A-1' short-term commercial paper (CP) rating to Baker Hughes Inc.'s proposed $2.5 billion 4(2) CP program. The outlook on the company remains stable. The ratings on oilfield services provider Baker Hughes reflect its strong competitive position in the oilfield services sector, a track record of solid free cash flow generation through prior industry cycles, and its modest financial risk profile. The ratings also incorporate Baker Hughes' participation in the highly cyclical and competitive oilfield service sector. (For the full credit rationale, please refer to the research report on Baker Hughes Inc. published on Sept. 29, 2011, on RatingsDirect). RELATED RESEARCH AND...
Companies mentioned in this report are: Baker Hughes Inc.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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