Weatherford Announces Credit Rating Upgrades from Moody's, S&P, and Fitch

Core Insights - Weatherford International plc has received upgrades from Moody's, S&P, and Fitch, indicating significant improvements in its financial profile and operational performance [1][4] - The upgrades reflect the company's conservative financial policies, declining debt, and expectations of continued positive cash flow generation [4] Financial Ratings - Moody's upgraded Weatherford's Corporate Family Rating to 'Ba2' from 'Ba3' with a Positive Outlook, highlighting the company's conservative financial policies and declining debt [4] - S&P Global Ratings raised Weatherford's issuer credit rating to 'BB' from 'BB-' with a Stable Outlook, despite lower oil and gas exploration and production activity [4] - Fitch Ratings upgraded Weatherford's Issuer Default Rating to 'BB' from 'BB-' with a Stable Outlook, citing expectations of continued margin improvement and enhanced liquidity [4] Company Overview - Weatherford provides innovative energy services that combine proven technologies with advanced digitalization to maximize value and return on investment [3] - The company operates in approximately 75 countries with around 17,300 employees representing over 110 nationalities [3]