Morgan Stanley Lowers El Paso Rating

Analyst Scott Soler says the downgrade is based on better information on the company's liquidity situation and pledged assets

Morgan Stanley downgraded its rating on shares of El Paso (EP ) to underweight from equal-weight. On Nov. 26, Moody's downgraded its rating on El Paso's senior unsecured debt to Ba2 from Baa3.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.