|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||0.1600 - 0.1930|
|52 Week Range||0.0500 - 1.2500|
|Beta (5Y Monthly)||2.65|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 18, 2020 - Nov 23, 2020|
|Forward Dividend & Yield||0.04 (26.67%)|
|Ex-Dividend Date||Nov 21, 2019|
|1y Target Est||2.50|
Moody's Investors Service ("Moody's") has today assigned a B3 rating to the Super Senior Term Loan issued by Seadrill Operating LP, a subsidiary of Seadrill Partners LLC ('Seadrill', 'SDLP' or the company). At the same time, Moody's has downgraded the corporate family rating of Seadrill Partners LLC to Ca from Caa3, the probability of default to to C-PD/LD from Ca-PD/LD and the instrument rating of the Senior Secured Term Loan issued by Seadrill Operating LP to Ca from Caa3.
Moody's Investors Service, ("Moody's") has appended a limited default (LD) designation to the probability of default rating ("PDR") of Seadrill Partners LLC (Seadrill, SDLP or the company), changing it to Ca-PD/LD. Moody's has appended Seadrill's PDR of Ca-PD with the "/LD" indicator after the issuer did not pay its interest on the Term Loan B on 30 June 2020 and the majority of the Term Loan B lenders agreed on the creation of a super senior loan of $68.7 million maturing in February 2021, that is offered to lenders in lieu of the interest payment. The company's corporate family rating (CFR) of Caa3, and the Caa3 instrument rating of the Term Loan B issued by Seadrill Operating LP remain unchanged as this Distressed Exchange does not materially improve the very weak financial profile of Seadrill.