Moody's: Great Lakes Dredge unchanged

Moody's Investors Service said Great Lakes Dredge and Dock Corp.'s B2 corporate family rating and stable outlook are unaffected by news of increased dredging work arising from the Deepwater Horizon oil spill.

The work should benefit 2010 equipment utilization and performance, but the agency said it views the impact as not being of a magnitude to affect ratings.

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