03.03.2016 22:54:00
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Pioneer Energy Services Corp. -- Moody's downgrades Pioneer Energy Services to Caa3; negative outlook
New York, March 03, 2016 -- Moody's Investors Service (Moody's) downgraded Pioneer Energy Services Corp.'s (Pioneer Energy) Corporate Family Rating (CFR) to Caa3 from B2, Probability of Default Rating (PDR) to Caa3-PD from B2-PD, and senior unsecured notes to Ca from B3. The Speculative Grade Liquidity (SGL) Rating of SGL-4 was affirmed and the rating outlook is negative. This action concludes the rating reviews begun on January 21, 2016.