Weatherford
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Weatherford Receives Credit Rating Upgrades from Moody’s, S&P, and Fitch
Weatherford (WFRD) announced credit rating upgrades from Moody’s (to Ba2, Positive Outlook), S&P (to BB, Stable Outlook), and Fitch (to BB, Stable Outlook). The upgrades reflect Weatherford’s improved financial profile, driven by conservative policies, debt reduction, positive free cash flow, and operational enhancements. CEO Girish Saligram views the upgrades as validation of the company’s business model and capital allocation strategy. The agencies acknowledge Weatherford’s enhanced liquidity and consistent profitability, despite potential challenges in E&P activity.
