NEW YORK (Standard&Poor's) July 19, 2012--Standard&Poor's Ratings Services today reinstated its 'A-1' rating on Schlumberger Holdings Corp. $3 billion commercial paper program and its 'A+' rating on the company's $1 billion revolving credit facility due 2016. The ratings on the facilities were erroneously withdrawn on July 16 in relation to actions taken on Schlumberger Technology Corp. For the complete corporate credit rating rationale on Schlumberger Holdings Corp. and its parent Schlumberger Ltd. (A+/Stable/A-1), please see our research update on Schlumberger Technology Corp. published on July 17, 2012. The stable outlook on Schlumberger Holdings Corp. and its parent reflects our assessment that the company will likely preserve credit protection measures at levels consistent with the rating category
