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Shares - USA - Moody's rates GM, Ford stock junk
Detroit,Mich,USA -Detroit Free Press, by BILL KOENIG/BLOOMBERG -Aug 25, 2005: -- Stock shares of General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, were lowered to junk by Moody's Investors Service... Moody's lowered Detroit-based GM's rating two levels to Ba2 and the rating on its finance arm to Ba1... Dearborn-based Ford was cut one level to Ba1, one step below investment grade...
posted by Unknown @ 3:30 PM
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