Moodys downgrades Williams Cos' credit - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Moodys downgrades Williams Cos' credit

Updated:
(Tulsa-AP) -- More tough news for Tulsa-based Williams Companies.

Moody's Investors Service cut Williams' credit ratings one notch to the lowest investment grade, ``B-a-a-3.''

The move comes in the midst of a wide-ranging federal investigation into energy-trading companies.

Moody's says Williams owns many assets that could generate relatively stable cash flows. But it says Williams' total cash flow from operations has been relatively weak and uneven.

Shares of Williams fell 23 cents yesterday to close at 8-dollars-70 cents on the New York Stock Exchange.

Williams says it's disappointed but not surprised by Moody's action.

The company says it's working to complete a debt-reduction plan that should resolve its credit rating problems.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.