LONDON, June 13 (Reuters) - Credit rating agency Moody's Investors Service said on Friday it had cut U.S. auto giant General Motor's long-term credit ratings by one notch to Baa1 from A3, citing intense competition in the U.S. market.
The long-term rating of finance unit General Motors Acceptance Corp (GMAC) was also cut to A3 from A2 and its short-term rating to Prime-2 from Prime-1. The ...
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