Cashflow

S&P Analysts Believes Dynegy Liquidity to be ‘Threadbare’ by 2Q03

Dynegy Inc.’s new-and-improved business plan is not enough cashflow wise to fully offset the massive amount of debt leveraging that carried over from its former business strategy, according to an analyst with Standard & Poor’s Ratings Services (S&P). The ratings agency last Tuesday cut the company and its subsidiaries another notch, to “B” from “B+”.

December 2, 2002