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S&P revises Willbros to stable
Standard & Poor's said it revised its rating outlook on Willbros Group Inc. to stable from positive.
At the same time, the agency affirmed its ratings on the company, including the B- corporate credit rating.
"The outlook revision reflects the company's announcement that it has identified approximately $22 million to $24 million in deterioration of a significant pipeline construction project in its Northeast regional business within its oil and gas segment," S&P credit analyst Robyn Shapiro said in a news release.
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