S&P changes Worley view to stable

S&P said it revised its outlook on Worley Ltd. to stable from negative and affirmed the BBB long-term issuer credit rating and associated debt issue ratings on Worley.

“The stable outlook reflects our expectation that recovering business activity and earnings and Worley's focus on cost improvement will improve the company's credit measures in fiscal 2022 (ending June 30),” S&P said in a news release.

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