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SEMBCORP INDUSTRIES LTD U96.SI SEMBCORP MARINE LTD S51.SI KEPPEL CORPORATION LIMITED BN4.SI Singapore Rigbuilders - Looming credit risks?
- Moody’s downgrade tightens drillers’ access to funds
- Triggering another wave of deferment and cancellation of rig orders
- Transocean delays five jack-ups with Keppel by up to two years; further push-back likely for SMM’s drillships
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