New York, May 06, 2016 -- The global oilfield services and drilling (OFS) industry continues to endure a severe downturn as depressed energy prices prolongs reduced spending by exploration and production (E&P) companies, Moody's Investors Service says in a new report, "Depressed Energy Prices Continue Major Shake-Up in OFS Industry." As credit conditions deteriorate further, defaults are set to increase.

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