17.12.2015 16:59:00

Expro FinServices S.a r.l. -- Moody's downgrades Expro's rating to Caa1 from B3; outlook negative

London, 17 December 2015 -- Moody's Investors Service, ("Moody's) has today downgraded Expro Holdings UK 3 Limited's (Expro or the company) corporate family rating (CFR) to Caa1 from B3 and its probability of default rating (PDR) to Caa1-PD from B3-PD. Concurrently, Moody's has downgraded to B2 from B1 the rating on Expro FinServices S.a r.l.'s guaranteed senior secured bank credit facilities consisting of approximately USD1.3 billion term loan and USD250 million revolving credit facility (RCF). The outlook on all ratings is negative.

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