Moody's lowers GM's outlook to stable, from positive

Newswire

NEW YORK, Nov 7 (Reuters) - Moody's Investors Service on Wednesday lowered its rating outook for General Motors Corp to stable from positive, indicating there is less chance of a rating upgrade in next 12 to 18 months.

"The recent and continuing erosion in U.S. market conditions will likely result in GM's performance during 2008, and possibly into 2009, being weaker than originally ...

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