Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Halliburton Co. > News item |
S&P: Halliburton unchanged
Standard & Poor's said that Halliburton Co.'s (BBB+/stable/A-2) announcement that its first-quarter 2007 earnings will be below expectations will not affect ratings.
Management pointed to decreased drilling activity in certain areas of North America as the primary reason for the shortfall, the agency added.
It also noted that there may be additional difficulties related to unit KBR's 50% owned gas-to-liquids project in Escravos, Nigeria, S&P said.
Despite the shortfall, Halliburton's credit measures are solid for the current ratings and management's steps toward completing the separation from KBR should improve credit quality in the near to intermediate term, the agency added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.