Moody's withdraws ratings for ION Geophysical
Moody's Investors Service ("Moody's") has withdrawn all assigned ratings for ION Geophysical Corporation (ION), including the Caa2 Corporate Family Rating (CFR), following the repayment of its rated debt. RATINGS RATIONALE Please refer to the Moody's Investors Service's...ION Geophysical is a technology company that delivers data-driven decision-making offerings to offshore energy, ports and defense industries. The company's offerings are focused on improving subsurface knowledge to improve exploration and production (E&P) decision-making and improving situational awareness to support offshore operations. The company provides its services and products through two business segments: E&P Technology and Services, which creates digital data assets and delivers services to help E&P companies improve decision-making; and Operations Optimization, which develops subscription offerings and provides engineering services that enable operational control and optimization offshore.
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