NEW YORK, May 24 (Reuters) - Fitch Ratings downgraded General Motors debt to junk status on Tuesday, the second agency to cut the debt of the world's largest automaker after a similar move by Standard & Poor's on May 5. In a widely anticipated move, Fitch cut GM's debt ratings to "BB-plus" from "BBB-minus." S&P already rates GM's debt junk status at "BB." Moody's Investors Service rates GM's debt "Baa3," one step above junk. GM, saddled with increasing health care and pension ...
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