DBRS Withdraws SBM Deep Panuke S.A.’s Senior Secured Notes Rating

DBRS Limited (DBRS) has today withdrawn the BB (high), Stable trend rating of the 3.50% Senior Secured Notes due 2021 (the Senior Notes) of SBM Deep Panuke S.A. (the Issuer). The withdrawing of the rating is at the request of the Issuer and is not related to the Issuer’s credit quality.

Notes:
The principal methodology is Rating Project Finance, which can be found on dbrs.com under Methodologies.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

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