Moody’s downgrades Halliburton and Baker Hughes


BENGALURU: Ratings agency Moody’s downgraded oilfield service providers Halliburton Co and Baker Hughes Inc, about a month after a deal between the two companies was torpedoed by opposition from US and European antitrust regulators.

Moody’s Investors Service downgraded both the companies’ senior unsecured rating to Baa1 from A2.

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