Energy Companies Look to Upgrades

O'Leary, Christopher
March 2004
Investment Dealers' Digest;3/1/2004, Vol. 70 Issue 9, p15
Trade Publication
Reports on the growing number of energy companies on the short list to be upgraded to high-grade status in the U.S. in 2004. Use of the fecund junk market to reduce debt and get lenders off their back; XTO Energy Inc.'s issuance of a deal led by Lehman Brothers Inc. and J.P. Morgan Chase & Co. to reduce its debt; Plan of Plains Exploration and Production Co. and Nuevo Energy Co. to merge.


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