From: Alejandro Valle Baeza (valle@SERVIDOR.UNAM.MX)
Date: Tue Apr 05 2005 - 14:50:45 EDT
General Motors, the US carmaker, slid one notch closer to junk-rated status on Tuesday after Moody’s Investor Service downgraded the company’s credit rating.
Moody’s downgraded GM to Baa3, the lowest
investment-grade rating. Any lower, and GM would be classed as
speculative grade, or “junk,” forcing investors in investment-grade
debt to sell their holdings.
Alejandro Valle Baeza
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