KLX Energy Services Holdings, Inc.: Update following downgrade of notes to Caa1
Our credit view of KLX Energy Services Holdings, reflects its good liquidity and no near-term debt maturities, offset by challenging operating conditions and high leverage.KLX Energy Services is a holding company. Through its subsidiaries, the company is a provider of completion, intervention and production services and products to the major onshore oil and gas producing regions of the United States. The company offers a range of differentiated, complementary technical services and related tools and equipment in challenging environments that provide "mission critical" solutions for the company's customers throughout the life cycle of the well.
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