Events | 2012.11.20
Fitch Rates Tuscany's Proposed USD200MM Issuance at 'B+/RR4'
BUENOS AIRES, Argentina--(BUSINESS WIRE)--Fitch Ratings has assigned a \'B+/RR4\' to Tuscany International Drilling Inc.\'s (Tuscany) proposed USD200 million, seven-year senior unsecured notes, issuance. The \'RR4\' Recovery Rating on the issuance reflects an average expected recovery in the event of default. Tuscany\'s foreign and local currency Issuer Default Ratings (IDRs) are both \'B+\',with a Stable Outlook. The notes will be guaranteed by Tuscany\'s subsidiaries: Tuscany South America Ltd., Tuscan
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