April 25, 2012 at 12:53 PM EDT
TEXT-S&P raises National Oilwell Varco to 'A'
Overview -- National Oilwell Varco should continue to benefit from strong demand for drilling and production equipment as a result of robust crude oil prices. -- We are raising our corporate credit rating on National Oilwell Varco to 'A' from 'A-'. -- We are also raising our senior unsecured rating on National Oilwell Varco to 'A-' from 'BBB+'. -- The stable outlook reflects our expectation the company will continue to benefit from its strong competitive position
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