Home Credit Ratings and Research S&P Global Ratings’ Credit Research Hornbeck Offshore Services Inc.

Summary: Hornbeck Offshore Services Inc.

Published May 28, 2013

About This Report

Abstract:

The company's participation in the highly cyclical and volatile marine services industry Healthy market conditions for operators of offshore supply vessels in the Gulf of Mexico due to a favorable supply and demand balance The company's geographic concentration in the Gulf of Mexico Our expectation that the company will outspend cash flows in 2013 Expectation that leverage will improve modestly over the coming year The stable outlook is based on Standard&Poor's Ratings Services' expectation that Hornbeck Offshore Services Inc.'s credit measures will improve due to a healthy level of activity in the deepwater Gulf of Mexico. We also based the outlook on our expectation that the company will maintain adequate liquidity. We could lower the rating if Hornbeck's leverage

Report Type:

Summary

Ticker

HOSS

Issuer

Hornbeck Offshore Services Inc.

GICS

Oil & Gas Equipment & Services (10101020)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Hornbeck Offshore Services Inc. Rating Outlook Revised To Positive From Stable; 'B+' Corporate Credit Rating Affirmed – 2013/09/25 – US$ 150.00

Research Update: Hornbeck Offshore Services Inc. Rating Outlook Revised To Positive From Stable; 'B+' Corporate Credit Rating Affirmed – 2013/09/25 – US$ 225.00

Summary: Hornbeck Offshore Services Inc. – 2014/05/12 – US$ 225.00

Hornbeck Offshore Services Inc. Rating Raised To 'BB-' From 'B+', Outlook Stable – 2014/09/12 – US$ 150.00

Research Update: Hornbeck Offshore Services Inc. Rating Raised To 'BB-' From 'B+', Outlook Stable – 2014/09/12 – US$ 225.00

Hornbeck Offshore Services Inc.'s $450 Million Senior Unsecured Notes Rated 'BB-' (Recovery Rating: 2) – 2013/03/14 – US$ 150.00

Summary: Hornbeck Offshore Services Inc. – 2012/11/29 – US$ 225.00

Summary: Hornbeck Offshore Services Inc. – 2012/05/30 – US$ 225.00

Hornbeck Offshore Services Inc.'s $350 Million Senior Unsecured Notes Rated 'BB-' – 2012/03/02 – US$ 150.00

Hornbeck Offshore Services Inc. – 2011/11/14 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Hornbeck Offshore Services Inc." May 28, 2013. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hornbeck-Offshore-Services-Inc-1137655>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Hornbeck Offshore Services Inc. May 28, 2013. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hornbeck-Offshore-Services-Inc-1137655>

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