by Amruth Sundarkumar | Jul 22, 2021 | High Yield Bonds
Oil drilling major Transocean’s dollar bonds rose on Wednesday with the easing risk-off sentiment and Brent crude crossing $70/bbl as per Bloomberg, leading the rally in high yield energy bonds. Oil prices had fallen below $70 after the OPEC+ nations agreed to boost...
by Amruth Sundarkumar | Jul 8, 2021 | Credit Ratings
Swiss-based offshore drilling company Transocean Ltd has been upgraded by one notch to CCC from CCC- by S&P on steps taken to improve its liquidity. The issue-level ratings were also upgraded by one notch – secured debt rating raised to B-, unsecured...
