"Often shareholders and bondholders have diverging interests, but in this particular situation there seems to be some equity investor concern about operating a major merchant energy companies with a below investment-grade parent rating."--Margaret Jones, senior v.p. and fixed-income utilities analyst at ABN AMRO in New York, on how shareholders in TXU Corp. are aligned with creditors in their desire to see the company maintain an investment-grade rating.
"Often shareholders and bondholders have diverging interests, but in this particular situation there seems to be some equity investor concern about operating a major merchant energy companies with a below investment-grade parent rating."
