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

CIBC World Keeps 'Hold' on Dynegy

CIBC World keeps its hold rating on Dynegy (DYN).

S&P cut the company's long-term corporate credit ratings and its UNITS to BBB- from BBB. Analyst William Hyler says on a June 23 conference call, Dynegy provided an updated capital restructuring plan aimed at boosting liquidity by a targeted $2 billion. He noted the company also indicated breakeven results for the second quarter of 2002.

He said, although he's encouraged by these developments, he continues to stay on the sidelines due to execution risk, ongoing SEC/FERC investigations, and the potential for further downgrade action by ratings agencies. Hyler maintains his $1.30 2002 earnings per share and $1.25 2003 EPS estimates.

blog comments powered by Disqus