New York, November 09, 2016 -- Moody's Investors Service downgraded Weatherford International Ltd.'s (Weatherford or Weatherford Bermuda, incorporated in Bermuda) Corporate Family Rating (CFR) to B3 from B1 and its Probability of Default Rating to B3-PD from B1-PD. Moody's also downgraded both Weatherford Bermuda's and Weatherford International, LLC's (Weatherford Delaware, incorporated in Delaware) senior unsecured ratings to Caa1 from B2. The Speculative Grade Liquidity Rating of SGL-3 was affirmed. The rating outlook remains negative.
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