Report
EUR 166.30 For Business Accounts Only

Moody's downgrades PGS ratings to B3; places ratings on review for further downgrade

Rating Action: Moody's downgrades PGS ratings to B3; places ratings on review for further downgrade. Global Credit Research- 15 Apr 2020. London, 15 April 2020-- Moody's Investors Service today downgraded PGS ASA' s corporate family rating to B3 from B2, its probability of default rating to B3-PD from B2-PD and the ratings assigned to its senior secured term loan B and revolving credit facility to B3 from B2.
Underlying
PGS ASA

Petroleum Geo-Services is engaged in providing geophysical services and oil and gas production services. As of Dec. 31, 2001, Co. operated six Ramform design vessels in its marine seismic data acquisition operations.

Provider
Moody's Investors Service
Moody's Investors Service

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