Moody's may upgrade Halliburton

Moody's Investors Service said it placed Halliburton Co.'s Baa2 senior unsecured ratings under review for possible upgrade.

Ratings under review are Halliburton Co.'s senior unsecured debentures, notes and medium-term notes rated Baa2 as well as its shelf registration.

Moody's said the review is based on significant improvement in the company's earnings and cash flow over the past four fiscal quarters, as well as management's demonstrated commitment to repay debt with free cash flow since the funding of the company's asbestos settlement in January.

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