...+ We expect Ausdrill's credit metrics to improve over the next 12 to 24 months, due to the company's prudent cost management, deleveraging, and recent contract wins. + As a result, we are revising the rating outlook on the company to positive from stable, and affirming our 'B+' corporate credit and issue ratings on the company. + The positive outlook reflects our view that Ausdrill's credit metrics could sustainably improve in line with a higher rating if the company continues to prudently manage the current contract book and ramps up its new contracts in Africa as it expects. MELBOURNE (S&P Global Ratings) March 23, 2017--S&P Global Ratings said today that it had revised its rating outlook on Australian mining services provider Ausdrill Ltd. to positive from stable. At the same time, we affirmed the issuer credit rating on the company at 'B+'. We also affirmed the ratings on Ausdrill Finance Pty Ltd.'s US$300 million, senior unsecured notes at 'B+', with a recovery rating of '4'. In addition,...
