Enron's Credit Rating: Enron's Bankers' Contacts with Moody's and Government Officials
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Serial Number
107-83.Sprt
Levin Center Identifier
Document Date
2003-01-03
Report Length
28 pages
Policy Agendas Project Major Code
Policy Agendas Project Minor Code
Additional, Minority, Dissenting Views
Report Type
Found Using Methodology
Yes
Committee(s)
Subcommittee(s)
Commission(s)
Idependent Author(s)
Brief Executive Summary
The Senate Committee on Governmental Affairs investigated the collapse of Enron Corp. and how a credit rating agency, Moody's Investor Service, decided not to downgrade Enron's credit rating. The investigation concluded that this decision made by Moody's Investor center was not due to pressure or improper influence, but rather new information that changed Moody's perspective on Enron's financial circumstance. Also, the Committee staff concluded that Moody's did not impose improper influence on government officials unjustly.