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21.05.2015 17:44:00
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Petroleum Geo-Services ASA -- Moody's downgrades PGS to Ba3; outlook negative
London, 21 May 2015 -- Moody's Investors Service, ("Moody's") has today downgraded Petroleum Geo-Services ASA's (PGS or the company) corporate family rating (CFR) to Ba3 from Ba2 and probability of default rating (PDR) to Ba3-PD from Ba2-PD. Concurrently, Moody's has also downgraded the ratings on the senior notes and the senior secured bank credit facilities to Ba3 from Ba2. The rating outlook remains negative.
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