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S&P: Halliburton on positive watch
Standard & Poor's said it placed the ratings on Halliburton Co. on CreditWatch with positive implications following the completion of its separation from KBR Inc.
The agency said that the CreditWatch listing indicates that the ratings on Halliburton are under review for an upgrade in the near term.
The separation of KBR from Halliburton improves the credit profile of Halliburton, which suffered from KBR's uneven operating performance, the agency noted.
In contrast, Halliburton's Energy Services business unit's operating performance has been solid over the past three years and has strengthened the company's financial profile, S&P added.
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