Moody's upgrades SESI

Moody's Investors Service said it upgraded SESI, LLC's corporate family rating to Ba1 from Ba2 and its senior unsecured notes to Ba2 from Ba3.

The speculative grade liquidity rating was changed to SGL-1 from SGL-2.

The outlook is stable.

"SESI's upgrade reflects successful integration of the substantially equity-funded (79%) Complete merger that has significantly expanded the scale and breadth of services of the company," Moody's analyst Sajjad Alam said in a news release.

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