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News > Companies
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S&P on Enron downgrade
graphic November 28, 2001: 3:40 p.m. ET

Todd Shipman of S&P explains why his firm cut Enron's rating to 'junk' status.
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NEW YORK (CNN/Money) - Standard & Poor's move lowering Enron Corp.'s credit rating to "junk" status Wednesday threatens Enron's ability to meet its obligations, and some say it could be the final nail in the coffin for what was until recently one of the largest energy companies in the U.S.

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Todd Shipman, energy analyst at S&P, talks about Enron's near-term outlook and explains why his company lowered its credit rating. graphic





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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
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