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TEXT-Fitch affirms QGOG Atlantic/Alaskan Rigs at 'BBB-'

July 23 - Fitch Ratings has taken the following rating action on the notes issued by QGOG Atlantic/Alaskan Rigs Ltd: --US$700,000,000 senior secured notes affirmed at 'BBB-', Outlook Stable. The rating affirmation reflects the continued positive environment for local players in the Brazilian oil and gas industry, the forward-looking expectation of uptime performance and operating expenses (opex), the current liquidity protections, the continued deleveraging of the transaction, and Queiroz Galv ...

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Published By: Reuters (Company news) - Monday, 23 July, 2012

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