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Prospect News home > News index > List of issuers B > Headlines for BEP Ulterra Holdings Inc. > News item |
S&P lifts BEP Ulterra Holdings
S&P said it upgraded BEP Ulterra Holdings Inc.’s issuer rating to BB+ from B- and kept the rating on CreditWatch with positive implications.
The upgrade follows Patterson-UTI Energy Inc. completing its acquisition of Ulterra Drilling Technologies LP, the operating subsidiary of Ulterra and paid off Ulterra's term loan as expected, the agency said.
S&P withdrew its issuer rating on Ulterra.
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