|
|
Enron Mail |
Kochel is supposed to get married on March 2nd. Same girl--we'll see if its= the same outcome. B -----Original Message----- From: =09Williams, Bill =20 Sent:=09Monday, October 29, 2001 10:05 AM To:=09Williams III, Bill Subject:=09RE: Downgrade! How's Kochel doing? Did he get married? -----Original Message----- From: =09Williams III, Bill =20 Sent:=09Monday, October 29, 2001 8:48 AM To:=09Williams, Bill Subject:=09FW: Downgrade! Just talked with Kochel. He was expecting a bounce in our stock on funds co= vering their shorts. I don't know if I agree after this. Bill -----Original Message----- From: =09Porter, David V. =20 Sent:=09Monday, October 29, 2001 8:40 AM To:=09Slinger, Ryan; Williams III, Bill Subject:=09Downgrade! =09Top Financial News << OLE Object: Picture (Metafile) << 10/29 11:09 E= nron Credit Rating Cut by Moody's; CP Rating on Review By Mark Pittman New= York, Oct. 29 (Bloomberg) -- Enron Corp.'s credit rating was cut by Moody'= s Investors Service after the largest energy trader's shares fell by almost= half last week. Moody's also said it may downgrade Enron's commercial-pape= r rating. Enron reported $1.01 billion in losses this month from investmen= ts outside its business of trading commodities such as electricity and natu= ral gas. Chief Financial Officer Andrew Fastow quit as the U.S. Securities = and Exchange Commission asked for information about transactions he conduct= ed for partnerships he headed. Moody's lowered the senior unsecured long-t= erm debt ratings of Enron from ``Baa1'' to ``Baa2.'' The ratings company sa= id they may be lowered further. Moody's placed the company's ``P-2'' rating= for commercial paper on review for downgrade. Moody's placed Enron's long-= term debt ratings on review on Oct. 16. Moody's rates Enron's unsecured de= bt as ``Baa1,'' the third- lowest investment grade. Enron's long-term cred= it ratings outlook was changed last week to negative from stable by Standar= d & Poor's. S&P affirmed the Houston-based company's rating of ``BBB+'' whi= ch is investment grade. Shares of Enron fell as much as $1.85, or 12 perce= nt, to $13.55. <http://bloomberg.tveyes.com/<; << OLE Object: Picture (Me= tafile) << <http://bloomberg.tveyes.com/<;=09 ?2001 Bloomberg L.P. All rights reserved. Terms of Service <http://www.bloo= mberg.com/tos.html<, Privacy Policy <http://www.bloomberg.com/privacy.html<;= and Trademarks <http://www.bloomberg.com/trademarks.html<;.
|