S&P drops Expro outlook to stable

Standard & Poor's said it revised its outlook to negative from stable on Expro Holdings U.K. 3 Ltd.

The agency said it also affirmed the B long-term corporate credit and all issue ratings on the company senior secured and subordinated debt while its recovery ratings on these issues remain unchanged.

"The outlook revision follows Expro's recently published weaker-than-expected fourth-quarter and full-year results for its 2009 financial year," said S&P credit analyst Karl Nietvelt.

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