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Moody's lifts Petroleum Geo-Services view to stable
Moody's Investors Service said it changed the outlook for Petroleum Geo-Services ASA (PGS) to stable from developing following the recent demerger (spin-out) of Petrojarl ASA, PGS' floating production business.
Moody's said the demerger significantly reduces PGS' financial leverage and gives it a clearer strategic focus as a pure-play geophysical company.
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