GM casts shadow over junk, corporate bond markets


By Dena Aubin NEW YORK, March 17 (Reuters) - The threat of a downgrade of General Motors Corp. to junk status has derailed a rally in the $4.7 trillion U.S. corporate bond market, and the pressure could last for weeks, market experts said. A healthy economy may limit long-term damage to most corporate bonds, but GM's troubles could raise borrowing costs for a host of auto-related companies and possibly dampen overall demand for riskier debt, strategists said. "The game is up as far as ...

Premium Content (PAID Subscription Required)

"GM casts shadow over junk, corporate bond markets" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×