New York, August 26, 2015 -- Moody's Investors Service ("Moody's") downgraded Parker Drilling Company's (Parker) senior unsecured notes rating to B2 from B1 and changed its rating outlook to negative from stable. Concurrently, Moody's affirmed Parker's B1 Corporate Family Rating (CFR) and B1-PD Probability of Default Rating (PDR), and changed its Speculative Grade Liquidity Rating to SGL-2 from SGL-1.
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