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!
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Williams III, Bill </O=ENRON/OU=NA/CN=RECIPIENTS/CN=BWILLIA5>
X-To: Williams, Bill </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Bwillia>
X-cc: 
X-bcc: 
X-Folder: \ExMerge - Williams III, Bill\Sent Items
X-Origin: WILLIAMS-W3
X-FileName: 


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>.