Moody's changes Anton view to negative

Moody's Investors Service said it changed Anton Oilfield Services Group's outlook to negative from stable. At the same time, Moody's affirmed the company's B1 corporate family and senior unsecured ratings.

"The change in outlook to negative reflects our expectation that Anton's earnings and liquidity will weaken over 2020-21, reducing its buffer against the challenging operating environment and volatile oil prices," said Chenyi Lu, a Moody's vice president and senior credit officer, in a press release.

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