Moody's: Dresser-Rand outlook positive

Moody's Investors Service said it changed the outlook for Dresser-Rand Group, Inc. to positive from stable and affirmed its Ba3 corporate family rating, Ba1 secured revolving credit facility rating and B1 senior subordinated rating.

The agency upgraded the company's speculative grade liquidity rating to SGL-2 from SGL-3.

The actions reflect Dresser-Rand's continued ability to generate a relatively strong base of earnings during the oilfield service capital equipment down cycle, according to the agency.

Ratings reflect the company's strong market share, technological expertise, its dependable aftermarket business and its relatively strong financial profile, the agency said.

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