Wonder what has been going on over at Dynegy since the company announced last week that its second effort to sell itself had collapsed and the US power producer’s top management was leaving?
My guess is that a lot of soul-searching has shareholders wishing they had accepted at least one of the buyout proposals they had been offered over the past few months. The company’s share price has been trending down since that second deal unravelled. And now Standard & Poor’s, the ratings agency, has cut its ratings on Dynegy. Here is what analyst Swami Venkataraman had to say: