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 ...
Premium Content (PAID Subscription Required)
"GM could weather junk ratings -- analysts" 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!
Current subscribers, please login or CLICK for support information.