Five of the 11 offshore drilling companies put under review for a ratings downgrade by Moody’s Investors Service this week have loans that are held in outstanding collateralized loan obligations, according to Wells Fargo.

In a report published Friday, the bank listed these drillers as Transocean (currently rated ‘Ba1’ by Moody’s), Seadrill Partners (Ba3), Ocean Rig UDW (B2), Paragon Offshore (B2), and Pacific Drillings (B3).

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