S&P cuts Odebrecht Offshore outlook to negative

Standard & Poor's said it revised its outlook on Odebrecht Offshore Drilling Finance Ltd.'s proposed senior secured notes of up to $1.9 billion to negative from stable.

At the same time, S&P affirmed its BBB preliminary rating on the notes.

"The outlook revision reflects our recent outlook revision on Petrobras, OODF's main counterparty, to negative from stable," the agency said.

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