...February 27, 2025 NEW YORK (S&P Global Ratings) Feb. 27, 2025--S&P Global Ratings today assigned its 'A' issue- level rating to Schlumberger Holdings Corp.'s proposed senior unsecured notes. Schlumberger Holdings Corp. is a wholly owned subsidiary of Schlumberger Ltd. (operating as SLB), a Curacao- domiciled diversified oilfield service provider. The transaction is part of an exchange offer for existing debt issued by Schlumberger Investment S.A. The amount of the transaction will depend on investor participation, though we do not expect the total amount will exceed $2 billion. We expect this exchange offer will increase the proportion of debt issued by Schlumberger Ltd.'s U.S. subsidiary. Unlike some of Schlumberger Holdings Corp.'s existing debt, the proposed notes will benefit from a guarantee from its parent, Schlumberger Ltd. However, we believe the parent would likely support Schlumberger Holdings Corp. under any foreseeable circumstances, given its importance to the group's overall...
