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| Prospect News home > News index > List of issuers N > Headlines for NOV, Inc. > News item |
S&P downgrades NOV
S&P said it lowered its issuer credit rating on NOV Inc. to BBB from BBB+ and cut the issue-level rating on the company's senior unsecured debt to BBB from BBB+.
The outlook is stable.
“The downgrade reflects NOV's weaker EBITDA margins and more volatile profitability relative to those of its peers, which led us to reassess its business risk profile,” S&P said in a news release.
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