GM could weather junk ratings -- analysts


By Dan Wilchins NEW YORK, March 17 (Reuters) - General Motors Corp. will be hurt but not crushed by a downgrade to junk status because it has a variety of ways to raise capital, analysts said on Thursday. "GM has a lot of options," said Bob Auwaerter, head of fixed-income portfolio management at Vanguard Group in Valley Forge, Pennsylvania, which manages over $260 billion of bonds. Although a cut to junk status for GM is not a foregone conclusion, on Wednesday rating agencies Standard ...

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