HAMILTON, Bermuda, Nov. 4, 2025/ PRNewswire/– Nabors Industries Ltd. (” Nabors” or the “Business”) (NYSE: NBR) today talked about the current credit scores actions taken by all 3 of the significant credit score firms. Coincident with Nabors current offering of Senior Preferred Ensured Notes due in 2032 (” SPGN”), each of the firms has actually released specific credit scores. 2 of the firms updated their scores on aspects of Nabors financial obligation structure.
- S&P Global Rankings (” S&P”) modified its provider credit score approximately ‘B’ from ‘B-‘ and outlook to steady. At the very same time, S&P designated a ‘B+’ score to Nabors just recently released SPGN. S&P likewise updated its score for the existing SPGN to ‘B+’ from ‘B-‘, and for Nabors Senior Citizen Ensured Notes (” PGN”) to ‘CCC+’ from ‘CCC’.
- Fitch Rankings (” Fitch”) updated its Long Term Company Default Score on Nabors Industries Ltd. and Nabors Industries Inc. to ‘B’ from ‘B-‘, with a Steady outlook. Fitch designated a ‘BB-‘ score to the just recently released SPGN in addition to the existing SPGN, which were previously ranked ‘B+’. Fitch likewise updated its scores of Nabors’ PGN to ‘B-‘ from ‘CCC’, and of Nabors Senior Citizen Unsecured Notes to ‘CCC+’ from ‘CCC’.
- Moody’s Investors Service (” Moodys”) designated a score of ‘Ba3’ to Nabors current SPGN problem. This score is in-line with Moody’s score on Nabors existing SPGN.
Anthony G. Petrello, Nabors Chairman, CEO and President, commented, “Nabors has actually made significant development this year to delever and enhance our balance sheet. The action of these appreciated firms highlights the concrete outcomes of our actions and our achievements to decrease financial obligation and improve our capital structure.”
About Nabors Industries
Nabors Industries (NYSE: NBR) is a leading service provider of innovative innovation for the energy market. With existence in more than 20 nations, Nabors has actually developed an international network of individuals, innovation and devices to release services that provide safe, effective and accountable energy production. By leveraging its core proficiencies, especially in drilling, engineering, automation, information science and production, Nabors intends to innovate the future of energy and allow the shift to a lower-carbon world. Discover more about Nabors and its energy innovation management: www.nabors.com.
Positive Declarations
The details consisted of in this news release consists of positive declarations within the significance of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such positive declarations undergo a variety of threats and unpredictabilities, as revealed by Nabors from time to time in its filings with the Securities and Exchange Commission. As an outcome of these elements, Nabors’ real outcomes might vary materially from those suggested or suggested by such positive declarations. The positive declarations consisted of in this news release show management’s price quotes and beliefs since the date of this news release. Nabors does not carry out to upgrade these positive declarations.
Financier Contacts: William C. Conroy, CFA, Vice President of Corporate Advancement & & Financier Relations, +1 281-775-2423 or through e-mail william.conroy@nabors.com, or Kara K. Peak, Director of Corporate Advancement & & Financier Relations, +1 281-775-4954 or through e-mail kara.peak@nabors.com. To ask for financier products, contact Nabors’ home office in Hamilton, Bermuda at +441-292-1510 or through e-mail mark.andrews@nabors.com
SOURCE Nabors Industries Ltd.