Moody's cuts GM's senior unsecured debt to 'Caa1'

Newswire

NEW YORK, June 20 (Reuters) - Moody's Investors Service on Tuesday cut its ratings on General Motors Corp.'s senior unsecured debt deeper into junk, saying that a pending secured bank loan will disadvantage unsecured lenders.

"The downgrade of the unsecured debt reflects the diminution in the asset coverage that would be available to this class of creditors as a result of the granting of ...

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