ODRG – New Credit Rating Agency Reports

17 Nov 2025 18:55 CET

Odfjell Rig III Ltd (OSE: ODRG) (“Odfjell Rig III”), a 100% owned subsidiary of
Odfjell Drilling Ltd (“Odfjell Drilling”) notes the announcement made by Odfjell
Drilling it has received new credit rating reports from Moody’s Ratings
(“Moody’s”) and S&P Global (“S&P”) which have both been uploaded to the Odfjell
Drilling’s website.

Moody’s, in their report, have assigned both Odfjell Drilling and their
contemplated bond (as announced in separate press release earlier today) a B1
rating, with Stable outlook.

S&P, in their report, have affirmed Odfjell Drilling’s B+ rating and assigned
the contemplated bond a BB rating, with Stable outlook.

Investors can access both reports via NewsWeb, or navigating to “Bond and Debt
Facilities” in the investor section of the Company’s website,
www.odfjelldrilling.com.

For further queries, please contact:

James Crothers
Investor Relations Officer
+44 (0) 7495 067 684
jchu@odfjelldrilling.com
London, United Kingdom
17 November 2025
Odfjell Drilling Ltd

More information:
Access the news on Oslo Bors NewsWeb site

659876_ODL – New Credit Rating Agency Reports.pdf
659876_Moody's Credit Opinion-Odfjell-Drilling-Ltd-17Nov2025.pdf