Newsclip®: [Business] Transocean Faces ‘Deeper and Longer’ Offshore Drilling Downturn - Income Investing -

"Fitch Ratings got a lot more negative on the prospects for offshore drilling giant Transocean (RIG) on Friday. It downgraded the company's credit rating two notches -- to B-plus from double-B, putting it in the highly speculative category. And it kept its negative outlook.Transocean stock fell 4% on Friday to $9.25. Read More» ",

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