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Politics : High Tolerance Plasticity
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To: jim_p who wrote (12142)2/6/2002 3:42:50 PM
From: Raymond Duray  Read Replies (1) of 23153
 
MIRANT CEO SAYS SHE'S DISAPPOINTED WITH PROGRESS IN RATINGS TALKS
Source: EnergyNewsLive
Feb 06 08:17
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Mirant Corp's CEO says she's disappointed with the progress made in talks with Moody's Investors Service about restoring the company's investment-grade credit rating. December 19, Moody's cut about $4.9 billion of the independent power producers' debt to 'Ba1', its highest junk rating, in what CEO Marce Fuller describes as a "sudden and unexpected" move. December 20th, Standard and Poor's affirmed the company's rating of 'BBB-', its lowest investment grade. Fuller says the restoration situation with Moody's is a work in progress, and is disappointed with the progress they've made.

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Comment: "sudden and unexpected"??? She sounds like an idiot not to understand the implications of the ENE fallout.
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