No. of Recommendations: 0
I have two bond positions in Edison Mission Energy (EME) in my Etrade account. It's rated B- by S&P and Caa1 by Moody's. According to the bond entry for EME in Etrade, EME's parent company is Edison International which trades under EIX on the stock exchange. Looking at the S&P report for EIX, however, S&P rates them BBB- versus B- for the Edison Mission Energy bond. Why the difference? Does that mean that if Edison Mission Energy has problems, EIX won't pay off bondholders? I didn't think that was possible.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement