S&P: Helix Energy view stable

Standard & Poor's said it revised the outlook on Helix Energy Solutions Group Inc. to stable from negative and affirmed its B corporate credit rating.

The agency lowered Helix's senior unsecured debt to B- from B and revised the recovery rating to 5 from 3.

The changes follow Helix's $160 million impairment of exploration and production assets, S&P said.

The issue-level rating on the secured debt remains unchanged at BB- with a recovery rating of 1.

S&P said the outlook revision reflects the company's good liquidity, potential asset sale and international exposure.

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