CHICAGO--(BUSINESS WIRE)--Weatherford International plc's (Weatherford) announcement to issue a combined $1 billion in the company's common equity and Weatherford International Ltd, a wholly owned Bermuda subsidiary, mandatorily exchangeable subordinated notes has no near-term rating impact, according to Fitch Ratings. The company intends to use the proceeds to pre-fund potential acquisitions and for general corporate purposes. Proceeds are expected to temporarily reduce borrowings under its re