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Rating - USA - Moody's cuts GM rating further into junk
NEW YORK,NY,USA - Business Week -Nov 01, 2005: -- General Motors Corp.'s debt was slashed deeper into "junk" territory Tuesday after Moody's Investors Service lowered its long-term rating due to uncertainty about the auto giant's massive restructuring... New York-based credit rating agency said it continues to be concerned how auto parts maker Delphi Corp.'s cost-cutting measures will lead to actions by the United Auto Workers Union... In addition, Moody's said recently announced investigations by the Securities and Exchange Commission remain troubling. The agency's outlook for GM's debt is negative...
posted by Unknown @ 5:09 PM
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