19.06.2013 18:26:00
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Drillships Financing Holding Inc. -- Moody's assigns (P)B2 ratings to each of Ocean Rig's USD900 million senior secured term loans
London, 19 June 2013 -- Moody's Investors Service today assigned provisional (P)B2 ratings to the proposed three-year USD900 million senior secured term loan and proposed seven-year USD900 million senior secured term loan, with Drillships Financing Holding Inc. ("Drillships") as borrower, a subsidiary of Ocean Rig UDW Inc ("Ocean Rig"). Moody's has also affirmed Ocean Rig's B3 corporate family rating (CFR), Caa1-PD probability of default rating and Caa3 rating on the senior unsecured notes, as well as the B3 rating on the secured notes issued by Drill Rigs Holdings Inc. The outlook on all ratings is stable.