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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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Most stock quote data provided by BATS. Market indices 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.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

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