Moody's upgrades Pioneer Energy Services to Caa1
Moody's Investors Service (Moody's) upgraded Pioneer Energy Services Corp.'s (Pioneer Energy Services) Corporate Family Rating (CFR) to Caa1 from Caa2, Probability of Default Rating (PDR) to Caa1-PD from Caa2-PD, senior secured term loan rating to B2 from B3 and senior unsecured notes rating to ...Pioneer Energy Services provides land-based drilling services and production services. The company's business is comprised of two business lines: Drilling Services, which provides contract land drilling services through three domestic divisions which are located in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, and internationally in Colombia; and Production Services, which provides a range of well, wireline and coiled tubing services to a group of exploration and production companies, with its operations concentrated in the main domestic onshore oil and gas producing regions in the Gulf Coast, Mid-Continent and Rocky Mountain states.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.