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Enron Mail |
Mike:
I have discussed your proposed language with Brant Reves, our credit person, and we are okay with the concept except that we would like for the ratings trigger to be based only on either a drop in the S&P rating or a failure to have an S&P rating. In addition, Brant has advised me that should we put in place a CSA, that the following would be the credit matrix for collateral threshold: BB to BB+ $2,500,000 Below BB Zero I look forward to hearing from you. Should we send you our form of Credit Support Annex? Carol St. Clair EB 3892 713-853-3989 (Phone) 713-646-3393 (Fax) carol.st.clair@enron.com
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