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  ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER 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 Media Relations: Elizabeth Fogerty, +1-212-908-0526 elizabeth.fogerty@fitchratings.com