Fitch Downgrades Odebrecht-Sponsored Drilling Rig Transactions; Outlook Negative

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings downgrades and removes from Rating Watch Negative the senior secured notes issued by Odebrecht Drilling Norbe VIII/IX Ltd. and Odebrecht Offshore Drilling Finance Ltd. (OODFL) to 'BB' from 'BB+'. The Rating Outlook is Negative. A full list of rating actions follows at the end of this press release. The rating actions reflect: (i) the credit quality of the Odebrecht group, (ii) Fitch's view related to Petroleo Brasileiro S.A. (Petrobras') willingness to ho

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