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. On March 23, 2017, S&P Global Ratings revised its rating outlook on Australian mining services provider Ausdrill Ltd. to positive from stable. At the same
