Moody’s Downgrades Transocean (RIG) Outlook to Negative

Moody’s Investors Service (MCO) on Thursday lowered Transocean Inc.’s (RIG) outlook to negative from stable and affirmed its Baa2 senior unsecured ratings. “The negative outlook reflects the growing uncertainty surrounding the ultimate effect on Transocean as result of its involvement in the blowout and continuing oil spill from the Macondo well,” said Ken Austin, Moody’s VP, in a statement – MW

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