He applied for a post as high commissioner in Namibia, but the post was downgraded and the application fell through.
Earlier, in March 2001, he went to Mr. Glisan, the company's treasurer, and presented a report from a midlevel analyst saying that Mr. Fastow's deals had created a threat to Enron's survival, in part because of stock price "triggers" that would require bank loans to be repaid if Enron's credit rating was downgraded and the stock price fell.
BCE's debt rating was recently downgraded, and its share price has fallen by about a third so far this year.
She added that a survey of social workers last year had shown they felt cases of neglect were the most likely to be downgraded or "fall to the bottom of the pile".
4.48pm GMT Wondering how Britain's downgrade, and the fall in the pound, affects you?
Large-scale downgrades over the summer and fall of that year "shocked the financial markets, helped cause the collapse of the subprime secondary market, triggered sales of assets that had lost investment-grade status and damaged holdings of financial firms worldwide," according to a memo summarizing the panel's findings.
None of the companies downgraded Thursday fell below Fitch's highest group of ratings, ranging from AAA to A-, said Michael J. Barry, a managing director of the agency.
Yesterday, Ford took another hit when its credit rating was lowered by Standard & Poor's, which also downgraded G.M., citing falling profits and intensified competition on pricing.
But when those economic forecasts were materially downgraded due to falling export prices, a softening in the global economy, a high Australian dollar and easing domestic business and consumer confidence, Swan rightly ditched the surplus objective and implemented policies that underpinned growth and employment.
Still, hog futures fell to their lowest price in a year, and an analyst at JPMorgan Chase downgraded Smithfield and Tyson Foods on Monday.
