Message-ID: <3803825.1075839995462.JavaMail.evans@thyme>
Date: Mon, 29 Oct 2001 14:05:12 -0800 (PST)
From: bill.williams@enron.com
To: bill.williams@enron.com
Subject: RE: Downgrade!
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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. << OLE Object: Picture (Me=
tafile) >> =09
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