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04.09.2013 20:12:00
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Nabors Industries Inc. -- Moody's assigns Baa2 rating to Nabors' notes
New York, September 04, 2013 -- Moody's Investors Service, (Moody's) assigned a Baa2 senior unsecured rating to Nabors Industries Inc.'s (Nabors) proposed $350 million senior unsecured notes due 2016 and $350 million senior unsecured notes due 2023. Proceeds from the offerings will be used to repurchase a portion of its outstanding $1.125 billion 9.25% Senior Notes due 2019. The outlook is stable.
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