Halliburton Debt Rating Lowered

S&P cites the larger-than-expected settlement agreement between the company and asbestos-related claimants

On Dec. 18, 2002, Standard & Poor's lowered its corporate credit rating on oilfield services and engineering and construction services provider Halliburton (HAL ) to 'BBB' from 'A-'. The company's ratings remain on CreditWatch with negative implications.

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