Pride takes a fall as banks watch Enron myth unravel
Bankers were nervously calculating their exposures to Enron Corp this week as the fallen US energy company’s spiral towards bankruptcy accelerated, the rating agencies cut its debt to junk status, potential buyer Dynegy withdrew its rescue bid, and Enron revealed further debt payments due before year end.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
