Moody's says does not plan to cut GM debt soon

Newswire

By Meredith Davis

NEW YORK, April 19 (Reuters) - A Moody's Investors Service analyst said the ratings agency does not expect to cut General Motors Corp. to junk soon, even after the company posted its weakest earnings since 1992 on Tuesday.

Financial markets are watching GM's rating status carefully. If the world's largest automaker is cut to junk status, the speculative-grade bond ...

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