...+ We expect Ausdrill's new contracts, equity raising, and business improvement initiatives to improve the company's credit metrics over the next 12 to 24 months. + As a result, we are raising the issuer credit rating by one notch to '##-' from 'B+', and the issue rating on the group's syndicated bank facility by one notch to '##+' from '##'. + At the same time, we are raising the issue rating on the senior unsecured notes by one notch to '##-' from 'B+' with the recovery rating remaining at '4'. + The outlook is stable, reflecting our view that Ausdrill will maintain the growth of its contract book and successfully execute its newly secured African projects. MELBOURNE (S&P Global Ratings) Oct. 11, 2017--S&P Global Ratings said today that it had raised the issuer credit rating on Australian mining services company Ausdrill Ltd. to '##-' from 'B+'. The outlook is stable. We also raised the ratings on Ausdrill Finance Pty Ltd.'s US$300 million, senior unsecured, and subordinated notes by one...
