S&P revises Halliburton view to negative

S&P said it affirmed Halliburton Co.’s A- issuer credit but dropped its outlook to negative from stable.

The agency also affirmed the company’s senior unsecured ratings at A- and the short-term and commercial paper ratings at A-2, according to a news release.

The view downgrade reflects S&P’s expectations for weak financial measures in 2019 to continue despite improving crude oil prices. Recent volatility in crude oil prices and E&P capital discipline could continue to make industry conditions challenging, S&P said.

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