(Bloomberg) -- The perceived risk of owning bonds of
Williams Cos. fell to the lowest in at least five years on
speculation that the sale of the pipeline company's energy-
trading assets will boost its debt to investment grade,
according to credit-default swap traders.
Credit-default swaps based on $10 million of the Tulsa,
Oklahoma-based company's bonds dropped $29,500 to $76,500,
according to CMA Datavision. That's the lowest since at least
April 2002, prices from Credit Suisse Group show. A decrease in
the five-year contracts, used to bet on the company's ability to
repay debt, signals improvement in the perception of credit
quality.
Read more at Bloomberg Bonds News
Williams Cos. fell to the lowest in at least five years on
speculation that the sale of the pipeline company's energy-
trading assets will boost its debt to investment grade,
according to credit-default swap traders.
Credit-default swaps based on $10 million of the Tulsa,
Oklahoma-based company's bonds dropped $29,500 to $76,500,
according to CMA Datavision. That's the lowest since at least
April 2002, prices from Credit Suisse Group show. A decrease in
the five-year contracts, used to bet on the company's ability to
repay debt, signals improvement in the perception of credit
quality.
Read more at Bloomberg Bonds News
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