Fitch Publishes Presale Report for OODF Ltd. Series 2014-1 Senior Secured Notes

  Fitch Publishes Presale Report for OODF Ltd. Series 2014-1 Senior Secured
  Notes

Business Wire

CHICAGO -- February 21, 2014

Link to Fitch Ratings' Report: Odebrecht Offshore Drilling Finance Ltd. (US
ABS)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=736916

Fitch Ratings has published a presale report for Odebrecht Offshore Drilling
Finance Ltd.'s (OODF Ltd.) proposed issuance of approximately $580 million
Series 2014-1 senior secured notes.

The report is available at www.fitchratings.com or by clicking on the link
above.

Additional information is available at www.fitchratings.com.

Applicable Criteria and Related Research:
-- Criteria for rating Oil Vessel - Backed Financing in Latin America (Jan.
2014)
-- Global Structured Finance Rating Criteria (May 2013)
-- Drilling Rig Financing - Brazil Runs Ultradeep (September 2012)
-- Petroleo Brasileiro S.A. (May 2012)
-- Odebrecht Drilling Norbe VIII/IX Limited (January 2011)
-- Odebrecht Offshore Drilling Finance Ltd - Series 2013-1 (May 2013)
-- Unintended Consequences of Rating Confirmation References (October 2013)

Applicable Criteria and Related Research:
Drilling Rig Financing -- Brazil Runs Ultradeep (Assessing Risks in a
Developing Asset Class)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686172
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=708661
Criteria for Rating Oil Vessel-Backed Financing in Latin America
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=728818
Unintended Consequences of Rating Confirmation References
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=720279
Odebrecht Offshore Drilling Finance Ltd.
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=709432
Odebrecht Drilling Norbe VIII/IX Ltd., Series 2010-1
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=570505
Petroleo Brasileiro S.A. (Petrobras)
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=675989

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ON THE FITCH WEBSITE.

Contact:

Fitch Ratings
Cinthya Ortega, +1-312-606-2373
Director
Fitch Ratings, Inc.
70 W. Madison St.
Chicago, IL 60602
or
Secondary Analyst:
Maria Paula Moreno, +57-1-326-9999
Senior Director
or
Committee Chairperson:
Greg Kabance, +1-312-368-2052
Managing Director
or
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Elizabeth Fogerty, +1-212-908-0526
elizabeth.fogerty@fitchratings.com
 
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