DETROIT, May 24 (Reuters) - General Motors Corp. said on Tuesday that its finance arm "feels the pain" of cuts in the company's debt ratings to junk status. "The automotive sector drives the level of ratings, GMAC, the financial services business, feels the pain of the these ratings," GM spokeswoman Toni Simonetti told Reuters. She was referring to the run-up in borrowing costs at GM and General Motors Acceptance Corp. since Standard & Poor's cut GM's debt to non-investment grade on ...
Premium Content (PAID Subscription Required)
"GM says it "feels the pain" of cuts to junk status" 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.