Following the announced $9 billion rights offering to shore up its finances, Orsted’s long-term issuer credit rating has been downgraded to BBB- by S&P, just one step above junk.
Will BOEM now require decommissioning financial assurance pursuant to 30 CFR § 585.517(b)?
§ 585.517 How will BOEM determine the supplemental financial assurance associated with commercial leases?
(b) If your cumulative potential obligations and liabilities increase or decrease, we may adjust the amount of the supplemental financial assurance.
Bud's Offshore Energy (BOE) 