UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 24, 2004
McDERMOTT INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
REPUBLIC OF PANAMA 1-8430 72-0593134
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(State or other jurisdiction (Commission) (IRS Employer
of incorporation) File No.) Identification No.)
1450 Poydras Street, New Orleans, Louisiana 70112-6050
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (504) 587-5400
Item 5. Other Events
On March 19, 2004 Standard & Poor's Ratings Services raised its corporate credit
ratings on McDermott International, Inc. ("MII") and its subsidiary McDermott
Incorporated ("MI") to B- from CCC+. MII and MI were also removed from
CreditWatch where they were placed on October 2003.At the same time, Standard &
Poor's lowered its corporate credit rating on J. Ray McDermott, S. A to CCC+
from B-.Standard & Poor's announced these changes in a press release issued on
March 19, 2004. A copy of that press release is furnished as Exhibit 99.1 to
this report and is incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
McDERMOTT INTERNATIONAL INC.
By: /s/Thomas A. Henzler
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Thomas A. Henzler
Vice President and Corporate Controller
March 24, 2004
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INDEX TO EXHIBITS
Exhibit
Number Description
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99.1 Standard & Poor's Ratings Services press release dated
March 19, 2004
3