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Hercules Offshore Inc. 'B-' Ratings Affirmed, Outlook Revised To Stable On Improving Operations In U.S. Gulf of Mexico Jan 12 Product Image

Hercules Offshore Inc. 'B-' Ratings Affirmed, Outlook Revised To Stable On Improving Operations In U.S. Gulf of Mexico Jan 12

  • Published: January 2012
  • Region: Mexico, United States
  • Standard & Poors

Abstract
U.S. offshore drilling services provider Hercules Offshore Inc. is benefiting from improving day rates and utilization for its jack-up rigs in the U.S. Gulf of Mexico. We are revising our outlook on the company to stable from negative and affirming the 'B-' corporate credit rating. The stable outlook reflects our view that Hercules' operating performance and credit metrics will improve over the coming months while maintaining adequate liquidity. NEW YORK (Standard & Poor's) Jan. 19, 2012--Standard & Poor's Ratings Services said today that it has revised its outlook on Houston-based Hercules Offshore Inc. to stable from negative and affirmed its 'B-' corporate credit rating on the company. The rating on the company's senior secured credit facility remains 'B-' (the same...

Companies mentioned in this report are: Hercules Offshore Inc.
Action: Affirmed
Action: Outlook: Stable

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 READ MORE >

Hercules Offshore Inc.

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