Weatherford Announces Credit Rating Upgrades from Moody’s, S&P, and Fitch

Rhea-AI Summary

Weatherford (NASDAQ: WFRD) has received credit rating upgrades from three major rating agencies, reflecting the company's strengthened financial position. Moody's upgraded the Corporate Family Rating to 'Ba2' from 'Ba3' with a Positive Outlook, S&P raised the issuer credit rating to 'BB' from 'BB-' with a Stable Outlook, and Fitch upgraded the Issuer Default Rating to 'BB' from 'BB-' with a Stable Outlook.

The upgrades acknowledge Weatherford's improved financial profile, conservative policies, debt reduction, positive free cash flow generation, and enhanced operational performance. CEO Girish Saligram emphasized these actions validate the company's business model resilience and disciplined capital allocation approach.

Positive

• Credit rating upgrades from all three major rating agencies (Moody's, S&P, and Fitch)
• Positive outlook from Moody's indicates potential for further upgrades
• Demonstrated consistent profitability and robust cash flow generation
• Successful debt reduction and enhanced balance sheet flexibility
• Improved operational performance and margins relative to peers

Negative

• Expected lower oil and gas exploration and production activity noted by S&P

News Market Reaction – WFRD

+4.58%

13 alerts

+4.58% Session close to close

$4.90B Market Cap

0.1x Rel. Volume

In the Sep 23 session, WFRD gained 4.58%, reflecting a moderate positive market reaction. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

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HOUSTON, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that Moody’s Investor Services, S&P Global Ratings, and Fitch Ratings have recently upgraded the Company’s ratings, underscoring the progress Weatherford has made in strengthening its financial profile, operational performance, and balance sheet flexibility.

• Moody’s Investors Service upgraded Weatherford’s Corporate Family Rating to ‘Ba2’ from ‘Ba3’ with a Positive Outlook. The rating upgrade reflects the Company’s conservative financial policies, declining debt, and Moody’s expectation that the Company will continue to generate positive free cash flow and improve its credit metrics.
• S&P Global Ratings upgraded Weatherford’s issuer credit rating to ‘BB’ from ‘BB-’ with a Stable Outlook. The rating upgrade reflects S&P’s expectation that the Company’s credit metrics will support the rating over the next 12 months despite lower oil and gas exploration and production (E&P) activity.
• Fitch Ratings upgraded Weatherford’s Issuer Default Rating to 'BB' from ‘BB-’ with a Stable Outlook. The rating upgrade reflects Fitch's expectation of continued margin improvement relative to peers, significant diversification, size and scale, enhanced liquidity, and balanced capital allocation strategy.
  

Girish Saligram, President and Chief Executive Officer of Weatherford, commented, “Receiving upgrades from Moody’s, S&P, and Fitch is a clear validation of the significant progress Weatherford has made in recent years. These actions recognize the resilience of our business model, our disciplined approach to capital allocation, and our ability to generate consistent profitability and robust cash flow. We remain focused on maintaining a strong balance sheet, enhancing liquidity, and building long-term value for all stakeholders.”

About Weatherford

Weatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 17,300 team members representing more than 110 nationalities and 310 operating locations. Visit weatherford.com for more information and connect with us on social media.

For Investors:
Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777
investor.relations@weatherford.com

For Media:
Kelley Hughes
Weatherford Communications, Marketing and Sustainability
media@weatherford.com

FAQ

What credit rating upgrades did Weatherford (WFRD) receive in September 2025?

Weatherford received upgrades from three agencies: Moody's (to 'Ba2' from 'Ba3'), S&P (to 'BB' from 'BB-'), and Fitch (to 'BB' from 'BB-'). Moody's assigned a Positive Outlook, while S&P and Fitch maintained Stable Outlooks.

Why did rating agencies upgrade Weatherford's credit ratings?

The upgrades reflect Weatherford's strengthened financial profile, conservative financial policies, debt reduction, positive free cash flow generation, improved operational performance, enhanced liquidity, and balanced capital allocation strategy.

What is the significance of Moody's Positive Outlook for Weatherford?

Moody's Positive Outlook suggests potential for further rating upgrades and reflects their expectation that Weatherford will continue to generate positive free cash flow and improve its credit metrics.

What challenges did the rating agencies identify for Weatherford?

S&P noted that Weatherford faces lower oil and gas exploration and production (E&P) activity, but expects the company's credit metrics to remain supportive of the rating over the next 12 months.

How has Weatherford improved its financial position?

Weatherford has demonstrated consistent profitability, robust cash flow generation, debt reduction, enhanced balance sheet flexibility, and improved operational margins relative to peers, while maintaining disciplined capital allocation.