New York, July 27, 2016 -- Moody's Investors Service, ("Moody's") upgraded SAExploration Holdings, Inc.'s (SAExploration) Probability of Default Rating (PDR) to Caa2-PD/LD from Ca-PD following the company's debt exchange offer. The company's Caa2 Corporate Family Rating (CFR) and the Caa3 rating on the remaining old notes due July 2019 ($1.9 million remaining) were affirmed. The Speculative Grade Liquidity Rating is SGL-4. The outlook is negative.
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