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31.10.2016 19:28:00

Expro FinServices S.a r.l. -- Moody's affirms Expro Holdings UK 3 CFR Limited's at Caa1; downgrades Term Loan B rating to Caa1 and assigns /LD to Expro's Caa1-PD PDR following mezzanine debt to...

London, 31 October 2016 -- Moody's Investors Service, ("Moody's") today affirmed UK based Expro Holding UK 3 Limited (Expro)'s Caa1 corporate family rating (CFR) and downgraded the ratings of the Term Loan B and Revolving Credit facility borrowed by Expro FinServices S.a.r.l. to Caa1 from B2. At the same time Moody's assigned a limited default (LD) indicator to Expro's Caa1-PD probability of default rating (PDR), which was concurrently affirmed. The outlook on all ratings was changed to stable from negative.

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