S&P: Superior Energy unchanged

Standard & Poor's said that the ratings on Superior Energy Services Inc. (BB/stable) would not be affected by the announced acquisition of Warrior Energy Services Corp. for $358 million.

Given Superior's moderate debt leverage, the $200 million of proposed debt financing will not materially weaken the company's financial profile, the agency said, noting that the Warrior acquisition complements the oilfield services business of Superior, as well as increases the geographic diversification of Superior's operations away from the Gulf of Mexico.

Given the current strong market conditions, near-term spending for the combined Superior and Warrior is expected to remain within internal cash flows, S&P said.

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