S&P: Schlumberger outlook stable

Standard & Poor's revised the outlook on Schlumberger Ltd. and Schlumberger Technology Corp. to stable from negative and affirmed its A+/A-1 corporate credit ratings on the companies.

S&P said the outlook revision reflects Schlumberger's recent asset sales, which have raised sufficient cash to lower the company's unadjusted net debt to below $2 billion and a review of Schlumberger's future business and financial plans, which appear consistent with the current rating level.

S&P affirmed Schlumberger's corporate credit rating at A+/A-1, its commercial paper rating at A-1 and its senior unsecured debt at A+ and Schlumberger Technology's corporate credit rating at A+/A-1, its commercial paper rating at A-1 and its senior unsecured debt at A+.

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