Moody's may upgrade SESI, Complete Production

Moody's Investors Service said it placed the ratings of SESI, LLC and Complete Production Services, Inc. under review for possible upgrade. SESI is a wholly owned subsidiary of Superior Energy Services.

Moody's said this action is in response to the announced acquisition of Complete by Superior for a combination of Superior stock and cash that is anticipated to close by year-end 2011.

The ratings under review include SESI's Ba2 corporate family rating and Ba3 senior unsecured notes ratings and Complete's Ba3 corporate family and B1 senior unsecured notes rating.

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