S&P: Key Energy view stable

Standard & Poor's said it revised its outlook on Key Energy Services Inc. to stable from positive.

At the same time, the agency affirmed the ratings on the company, including the BB- corporate credit rating.

S&P said the revised outlook reflects its view that an upgrade over the next 12 months is less likely than previously expected, primarily reflecting Key's ongoing exposure to the highly volatile and difficult onshore North American market.

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