Moody's rates China Oilfield A3

Moody's Investors Service said it assigned an A3 issuer rating to China Oilfield Service Ltd.

At the same time, Moody's assigned a provisional A3 rating to the proposed dollar-denominated notes to be issued by COSL Finance (BVI) Ltd. and guaranteed by China Oilfield.

The outlook is stable.

Moody's sad China Oilfield's A3 rating reflects its standalone credit rating of Baa3 and a three-notch uplift based upon the expected high level of support from its parent, China National Offshore Oil Corp., in the event of need.

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