Odfjell Drilling Ltd – Company Rating Increased to B1 by Moody’s

05 Jun 2025 07:09 CEST

Odfjell Drilling Ltd (OSE: ODL) is pleased to note that Moody’s Ratings
(“Moody’s”) has announced that it has raised its credit rating for the Company
to B1.

As part of the ratings upgrade, Moody’s state:

“Good earnings visibility, declining capital spending and debt amortisation
drive our expectations that the credit quality of Odfjell Drilling Ltd. (ODL, B1
stable) will strengthen in the next 12-18 months, underpinning our recent
repositioning to a higher rating.

“Odfjell Drilling’s B1 corporate family rating continues to reflect the
company's solid standing as an offshore driller with a long and proven
operational track record; top-tier fleet with customer-acknowledged competitive
advantages; good liquidity and prudent financial policies.”

For further queries, please contact:
James Crothers, Investor Relations Officer
+44 (0) 7495 067 684
jchu@odfjelldrilling.com
London, United Kingdom
05 June 2025
Odfjell Drilling Ltd

More information:
Access the news on Oslo Bors NewsWeb site

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