Moody's assigns B1 ratings to Hilong; outlook stable
Rating Action: Moody's assigns B1 ratings to Hilong; outlook stable. Global Credit Research- 08 Jun 2017. Hong Kong, June 08, 2017-- Moody's Investors Service has assigned a B1 corporate family rating to Hilong Holding Limited.Hilong Holding is engaged in the business as an oilfield equipment and service provider with a focus on drill pipes, line pipe and oil country tubular goods coatings and oilfield services. Co. operates in the following segments: oil and gas equipment production, which include the production of drilling pipes which are used in drilling exploration or production wells for oil and gas producers; coating materials production and coating service provision, which include the production of coating materials for anticorrosive and anti-friction purpose and provision of coating services; and oilfield services provision, which include the provision of well drilling services to oil and gas producers.
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