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التسجيل
28 سبتمبر 2001
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140
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#1
Wednesday, January 30, 2002 09:52 PM GMT

DALLAS, Jan 30, 2002 /PRNewswire-FirstCall via COMTEX/ -- Halliburton Company
(NYSE: HAL) reported today that Standard & Poor's reaffirmed the company's
long-term credit ratings at A- and its commercial paper rating at A2.

"Standard & Poor's decision to maintain our ratings at these high investment
grade levels reflects our leading global market position and our healthy balance
sheet," said Dave Lesar, chairman, president and CEO, Halliburton. "With
considerable liquidity and strong cash flow, we have tremendous flexibility to
execute our business plan and our strategy for sustained, long-term growth and
profitability. I believe that the Standard & Poor's rating supports this
assertion."

At the end of 2001, the company had approximately $2.8 billion in working
capital and $290 million in cash. The company's cash position today is about
$600 million. Additionally, Halliburton has $700 million in undrawn, committed
credit lines. Over the past year, Halliburton has reduced its total indebtedness
from 40% of total capitalization, to approximately 24%.

Halliburton, founded in 1919, is one of the world's largest providers of
products and services to the petroleum and energy industries. The company serves
its customers with a broad range of products and services through its Energy
Services Group and Engineering and Construction Group business segments. The
company's World Wide Web site can be accessed at http://www.halliburton.com .


MAKE YOUR OPINION COUNT - Click Here
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SOURCE Halliburton Company


CONTACT: Cedric Burgher, Vice President, Investor Relations,
+1-713-676-4608, or Wendy Hall, Director, Media Relations, +1-713-676-5227,
both of Halliburton Company

URL: http://www.halliburton.com
http://www.prnewswire.com

Copyright (C) 2002 PR Newswire. All rights reserved.

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KEYWORD: Texas
INDUSTRY KEYWORD: OIL
SUBJECT CODE: RTG


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