Ocean Rig UDW Inc. Rating Discontinued After Acquisition By Transocean Group And Debt Repayment

STOCKHOLM (S&P Global Ratings) Jan. 9, 2019--S&P Global Ratings today 
discontinued its 'B-' long-term issuer credit rating on Cayman 
Islands-domiciled drilling company Ocean Rig UDW Inc. 

We also discontinued our 'B' issue rating and '2' recovery rating on Ocean RIG 
2 INC.'s senior secured debt.

This follows the acquisition of the company by Transocean Ltd. Ocean Rig is 
now a fully owned subsidiary of the Transocean group and all debt at Ocean Rig 
has been repaid.