SAO PAULO--(BUSINESS WIRE)--Fitch Ratings will host a conference call on Friday May 31, 2013 at 11 AM ET to discuss the expected 'BBB'(EXP); Outlook Stable rating for Odebrecht Offshore Drilling Finance Ltd.'s up to USD1.88 billion notes in connection with charter and services agreement related to three ultradeepwater drilling rigs signed with Petrobras.
Bernardo Costa and Maria Paula Moreno, senior directors for Latin America's Structured Finance Group, and Ana Paula Ares, senior director for Latin America's Corporate Group and lead analyst on Petrobras, will present a summary of the key drivers of the 'BBB(EXP)' rating, including:
--The underlying financial and legal structure of the transaction;
--The characteristics of the drilling rigs;
--The strengths and weaknesses of the charter and services agreements;
--The supply and demand fundamentals for ultradeepwater rigs;
--Odebrecht Oleo e Gas's role as sponsor to the transaction and operator of the rigs;
--Leverage levels and liquidity features in the transaction;
--Cash flow stresses.
The initial presentation will last approximately 25 minutes with a Q&A session to follow. In addition to the live Q&A, questions can also be emailed beforehand and during the call to directly at bernardo.costa@fitchratings.com; maria.moreno@fitchratings.com; and ana.ares@fitchratings.com
Dial-in details are:
--U.S. Participant Dial-In Number: (855) 766-8623
--International Dial-In Number: (706) 643-6296
--Conference and Replay ID: 87573294
Replay of the call will be available for 30 days and is accessible through the following numbers:
--Replay Dial-In Number for U.S. participants: (855) 859-2056 or (800) 585-8367
--Replay Dial-In Number for international participants: (404) 537-340
International Toll-Free Dial-In Numbers:
Argentina 08006660273
Bolivia 800100835
Brazil 08008916189
Chile 2300206168
Colombia 018005180165
Costa Rica 08000130990
Dominican Republic 18887512305
El Salvador 8006392
Jamaica 18002050326
France 0800909322
Germany 08001815287
Mexico 018009269157
Panama 0018002018157
Peru 080052957
United Kingdom 08000288438
Uruguay 00040190120
Venezuela 08001002762
Fitch's Expected Rating Action Commentary for Odebrecht Offshore Drilling Finance Ltd. is available at 'www.fitchratings.com'.
Additional information is available at 'www.fitchratings.com'.
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