Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Salomon Downgrades Four Energy Traders

Salomon Smith Barney downgraded its investment ratings on four energy merchants: Williams Cos. (WMB), Mirant (MIR), El Paso (EP), and Aquila (ILA).

Analyst Ray Niles says these key issues will likely negatively impact the EPS potential and growth outlooks of energy merchant businesses: customer concerns, given the heightened challenges the companies face; continued ratings agency scrutiny of the entire industry; a worsening spark spread outlook; and mounting legal and regulatory risks. Niles expects upside for the group to be limited until these issues are resolved, and sees the most credit-sensitive stocks trading at or near asset value. He downgraded Williams and Aquila to underperform from outperform; El Paso to buy from neutral; and Mirant to underperform from neutral.

blog comments powered by Disqus