U.S. Markets close in 5 hrs 4 mins

Anton Oilfield Services Group -- Moody's upgrades Anton to B1; outlook stable

This level of leverage is appropriate for its B1 rating, and provides it with a buffer against potential oil price volatility and its high short-term working capital needs. "The upgrade also reflects our expectation that the company will continue to build strong operating capabilities and further enhance its track record of operating geographically diversified businesses against the backdrop of oil price volatility, while carefully managing emerging markets risks," adds Lu, who is also Moody's Lead Analyst for Anton. Anton's growing capabilities and more established operating track record in its overseas businesses, reflected in its integrated services offerings, expanding market shares and strategic partnerships with Chinese oil majors and major global oil companies, will support continued new order growth and partially mitigate oil price volatility.