Moody’s continues Baker Hughes, Halliburton reviews

Moody's Investors Service said it will continue its reviews for downgrade of Baker Hughes Inc. and Halliburton Co. (both A2, under review downgrade) following the May 2 announcement that the two companies terminated the merger agreement they entered into in November 2014, effective April 30.

Moody's expects to conclude both reviews by early June following a reassessment of the companies' standalone financial and operating performance in light of the terminated merger and in the context of the very weak oilfield services operating environment.

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