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Moody's downgrades Baker Hughes, Halliburton

Ratings agency Moody's downgraded oilfield service providers Halliburton and Baker Hughes, about a month after a deal between the two companies was torpedoed by opposition from US and European anti-trust regulators.

Something fishy: Halliburton’s proposed multi-billion-dollar merger with Baker Hughes is floundering after the US Department of Justice filed an antitrust case to sink the deal.
Something fishy: Halliburton’s proposed multi-billion-dollar merger with Baker Hughes is floundering after the US Department of Justice filed an antitrust case to sink the deal.
  • REUTERS
Published 3 June 2016, 22:25Updated 25 October 2016, 15:36
Americas