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Ausdrill upgraded on African growth outlook

Moody's Investors Services has upgraded the credit ratings for Ausdrill on an improving outlook

Kristie Batten
Ausdrill upgraded on African growth outlook

The credit ratings agency lifted Ausdrill’s corporate family rating to Ba3 from B1 and upgraded the rating of the US$300 million senior unsecured noted to Ba3 from B2. The outlook was changed to stable...

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