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Odfjell Drilling Capital/Financing Update 2025
9909_rns_2025-06-05_d0f280d6-336a-48bf-92f3-978038186ac2.pdf
Capital/Financing Update
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05 June 2025
Odfjell Drilling Ltd – Company Rating Increased to B1 by Moody's
Odfjell Drilling Ltd (OSE: ODL) is pleased to note that Moody's Ratings ("Moody's") has announced that it has raised its credit rating for the Company to B1.
As part of the ratings upgrade, Moody's state:
"Good earnings visibility, declining capital spending and debt amortisation drive our expectations that the credit quality of Odfjell Drilling Ltd. (ODL, B1 stable) will strengthen in the next 12-18 months, underpinning our recent repositioning to a higher rating.
"Odfjell Drilling's B1 corporate family rating continues to reflect the company's solid standing as an offshore driller with a long and proven operational track record; top-tier fleet with customeracknowledged competitive advantages; good liquidity and prudent financial policies."
For further queries, please contact:
James Crothers, Investor Relations Officer +44 (0) 7495 067 684 [email protected]
London, United Kingdom 05 June 2025 Odfjell Drilling Ltd