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Stallion Oilfield outlook cut to negative; ratings affirmed - S&P
Standard & Poor's (NYSE:MHP) Ratings Services said it cut its outlook on Stallion Oilfield Services (NASDAQ:SOFS) Ltd to negative from stable and affirmed the ratings, including the 'B' corporate credit rating, on the company.
S&P said the outlook revision reflects tighter-than-expected liquidity due to increased working capital usage under the company's revolving credit facility related to operational issues.
It also does not expect the company's debt levels of more than 700 mln usd to decline in the intermediate term, S&P said.
