Halliburton's current Moody's ratings are Baa2 for its long-term credit and Prime-2 for its commercial paper. These ratings reflect the company's financial standing as assessed by Moody's, a prominent credit rating agency.
Moody's recently adjusted Halliburton's long-term credit rating. The rating was reduced from A3 to Baa2. Despite this adjustment, Halliburton's commercial paper rating was maintained at Prime-2. Both the Baa2 long-term credit rating and the Prime-2 commercial paper rating remain within the investment grade category. This classification indicates that Moody's considers Halliburton to have a relatively low credit risk.
Halliburton has affirmed that its financial health remains robust. The company has also stated that these rating changes are not expected to influence its strategic approach to long-term growth.
For clarity, here's a summary of Halliburton's Moody's ratings:
Rating Type | Current Rating | Previous Rating | Status |
---|---|---|---|
Long-Term Credit | Baa2 | A3 | Investment Grade |
Commercial Paper | Prime-2 | Prime-2 | Investment Grade |