mchastek
05-05-2005, 10:11 AM
From Automotive News:
Standard & Poor's cuts GM, Ford to junk status (http://www.autonews.com/news.cms?newsId=12264)
NEW YORK (Reuters) -- Standard & Poor's cut General Motors' and Ford Motor Co.'s debt ratings to junk status on Thursday in a move that will reduce the automakers' avenues for raising funds as they struggle with global competition and rising health care costs.
Standard & Poor's cuts GM, Ford to junk status (http://www.autonews.com/news.cms?newsId=12264)
NEW YORK (Reuters) -- Standard & Poor's cut General Motors' and Ford Motor Co.'s debt ratings to junk status on Thursday in a move that will reduce the automakers' avenues for raising funds as they struggle with global competition and rising health care costs.