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ENRON CORP. 'BBB' NOTES, DEBENTURES, 'BBB-' PREFERRED ON FITCHALERT POSITIVE -- FITCH FINANCIAL WIRE --

 NEW YORK, April 30 /PRNewswire/ -- Enron Corp.'s (ENE) "BBB" notes, debentures, and 'BBB-' preferred stock are placed on FitchAlert with positive implications.
 Fitch is conducting a comprehensive review of Enron's present and prospective credit fundamentals. Initial indications strongly suggest a continuing pattern of significant and sustainable credit quality improvement for 1993 and beyond. Balance sheet leverage has been dramatically reduced. Further reduction is probable over time. Aggressive capital spending budgets and debt reductions are expected to be funded by two sources: internally generated cash flows from operations and the proceeds from monetizing selected natural-gas-related assets, such as the master limited partnership of Northern Border Pipeline. ENE's corporate strategy for achieving sustained growth is astutely focusing primarily on unit volume gains not price inflation. Management's ongoing policy is to physically and financially hedge the company's exposure to commodity energy price volatility.
 Enron is uniquely and innovatively structured to participate on a global scale in all phases of the natural gas business: exploration/production, gas gathering/processing, gas liquids marketing, pipeline transportation, unregulated gas merchant marketing, and electric power generation. Fitch is becoming more comfortable with Enron's credit risk exposures associated with these businesses.
 -0- 4/30/93
 /CONTACT: Bill Stellenwerf, CPA of Fitch, 212-908-0558/
 (ENE)


CO: Enron Corp. ST: Texas IN: OIL SU: RTG

TS -- NY081 -- 3359 04/30/93 15:47 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
Words:223
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