NEW YORK -- Standard & Poor's Ratings Services says it cut its ratings for General Motors, Ford Motor and Chrysler further into junk status.
S&P cited the automakers' mounting cash losses and the deteriorating U.S. auto market as the reasons for the moves. All have been cut to "B-" from "B."
Thursday, July 31, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment