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Forum Energy Technologies, Inc. -- Moody's changes Forum Energy's outlook to negative

At the same time, Moody's affirmed Forum's other ratings, including its B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR), B2 senior unsecured rating and its SGL-2 Speculative Grade Liquidity (SGL) rating. "Forum Energy's negative outlook reflects the challenges the company continues to face in its effort to grow earnings and reduce leverage in an oilfield services market which is still struggling to recover," commented Andrew Brooks, Moody's Vice President.