London, 11 March 2016 -- Moody's Investors Service (Moody's) has today concluded rating reviews on five European oilfield services (OFS) companies. Moody's confirmed the B3 corporate family rating (CFR) and B3-PD probability of default rating (PDR) of Bibby Offshore Holdings Ltd, negative outlook; downgraded KCA Deutag Alpha Ltd's CFR and PDR by one notch to Caa1/Caa1-PD from B3/B3-PD with stable outlook, CGG SA's CFR and PDR by one notch to Caa1/Caa1-PD from B3/B3-PD with negative outlook, Welltec A/S's CFR and PDR by one notch to B2/B2-PD from B1/B1-PD with negative outlook, and Petroleum Geo-Services ASA's CFR and PDR by three notches to Caa1/Caa1-PD from B1/B1-PD with negative outlook. These actions conclude the rating reviews begun on January 22, 2016.

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