10:57 AM EDT, 03/21/2024 (MT Newswires) -- S&P Global Ratings said Thursday that it has downgraded Tidewater Midstream and Infrastructure Ltd. ( TWMIF ) to B- from B.

At the same time, the rating agency removed the issuer credit rating from CreditWatch, where they were placed with developing implications on Oct. 17, 2023. S&P then withdrew the rating at the company's request.

At the time of withdrawal, the rating outlook was stable.

The company's shares rose 4.2% on last look on Thursday.

Price: 0.75, Change: +0.03, Percent Change: +4.17