Remove Credit Rating Remove Ethics Remove Maturity Remove Operations

How Share-Price Fixation Killed Enron

Harvard Business Review

It appears that Enron''s final fatal mistake was to try to support its stock price instead of living up to key contractual obligations required to maintain its credit rating. What caused Enron''s bankruptcy was, quite simply, the loss of its investment-grade credit rating. The loss of the investment-grade designation also accelerated other debt maturities. So, what caused Enron to lose its investment grade rating? Ethics Failure Finance