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Markets - USA - Fitch Cuts GM Again
USA - The Car Connection/Reuters -10 Nov 2005: -- Fitch Ratings says it has cut General Motors another level, and could slash the company's credit rating even more as GM prepares to participate in the bankruptcy at Delphi... Any adverse action at Delphi - including a strike - could cut into GM's production schedule, impacting earnings for months to come, Fitch reasons... Too, GM could be forced to comply with expensive new pension regulations working their way through Congress. GM's rating by Fitch stands at B-plus, the fourth-highest junk rating...
posted by Unknown @ 9:48 AM
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