Transocean (RIG): One of the Best Stocks Under $10 to Invest In
Key takeaways
- Transocean (RIG): One of the Best Stocks Under $10 to Invest In Ali Ahmed Wed, June 17, 2026 at 4:58 PM GMT+7 2 min read RIG Transocean Ltd.
- The ratings agency pointed to improving leverage and liquidity after the company reduced its debt and secured new contracts.
- Since February 2026, the company has added more than $1.6 billion to its backlog.
Transocean (RIG): One of the Best Stocks Under $10 to Invest In Ali Ahmed Wed, June 17, 2026 at 4:58 PM GMT+7 2 min read RIG Transocean Ltd. (NYSE:RIG) is one of the 10 Best Stocks to Buy Under $10. On June 11, S&P Global Ratings upgraded Transocean Ltd. (NYSE:RIG) from ’CCC+’ to ’B-’ and removed the company from Credit Watch positive.
The ratings agency pointed to improving leverage and liquidity after the company reduced its debt and secured new contracts. S&P Global Ratings also assigned Transocean Ltd. (NYSE:RIG) a positive outlook.
Since February 2026, the company has added more than $1.6 billion to its backlog. Transocean Ltd. (NYSE:RIG) has about $5.1 billion of debt principal remaining. At the end of 2024, the company had forecasted that it would reduce its debt to $6 billion by the end of 2026. This means the company is already more than $900 million ahead of schedule in its efforts to reduce debt and strengthen the balance sheet.