Enron experienced the beginning of the end with major losses in the third quarter of 2001.The company had to explain a __________ loss to corporate credit-rating agencies.

Question

Quizplus · Accepted Answer

Enron reported a $638 million loss in the third quarter of 2001, which marked the beginning of its financial unraveling and raised serious concerns among credit-rating agencies and investors.

Enron Experienced the Beginning of the End with Major Losses