El Paso Corp.'s Fundamentals Hold Up During a Cloud of Industry Uncertainty Jul 02
- ID: 2025258
- July 2002
- Standard & Poors
NEW YORK (Standard & Poor's) July 23, 2002--In the face of today's tumultuous energy markets, re-examining El Paso Corp.'s (BBB+/Stable/A-2) fundamental credit quality has repeatedly proven necessary. At the same time, sifting through information that contains various degrees of headline, public perception, political, and regulatory risk to assess the real risk has at times proven quite challenging. In order to effectively communicate Standard & Poor's opinion on El Paso's credit ratings, we answer some frequently asked questions about the company, below. Standard & Poor's identifies no fundamental change in the credit quality of El Paso given heightened uncertainty over "wash trades" in the industry or negative press from outside shareholders. Standard & Poor's has repeatedly confirmed with El Paso that...
Companies mentioned in this report are:
- El Paso Natural Gas Co.
- Pacific Gas & Electric Co.
- Enron Corp.
- Tennessee Gas Pipeline Co.
- El Paso Holdco LLC
- GulfTerra Energy Partners L.P.
- Utility Contract Funding LLC
Action: S&P Event
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Research type: News
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