Correction: Fitch Downgrades Odebrecht-Sponsored Drilling Rig Transactions; Places on Negative Watch

Business News
Print
CHICAGO--(BUSINESS WIRE)--(This is a clarification of a release originally issued Sept. 14, which stated that the notification to Odebrecht Oleo e Gas S.A. (OOG) from Petrobras indicated an intention to cancel the Tay IV contracts. According to OOG, the Petrobras notification to OOG received on August 19th specifically stated that Petrobras reserved its rights to terminate the charter and services agreements for Tay IV as the vessel had not been operating for more than 60 days.) Fitch Ratings,

imageimage