$MDR While McDermott is "pursuing different avenues to get its debt down to a sustainable level," it appears that the company is doing what it can to avoid a bankruptcy filing, Moody's Investors Service Analyst Michael Carelli told Construction Dive. He noted that the firm's $20.5 billion backlog is strong and "from what I can tell they've been doing right by their customers, making sure they complete their projects effectively," he said. "If that wasn’t the case they wouldn't be continuing to win bids and build backlog," he said. In the event that the company does declare bankruptcy, it could potentially lose customers and projects, Carelli said, although many clients would probably stay on.
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