NEW YORK, Dec 16 (Reuters) - A prepackaged bankruptcy filing with government financial aid is the most likely scenario for the three large U.S. automakers, Moody's Investors Service said on Monday.
Moody's said there is about a 70 percent chance of a prepackaged bankruptcy coupled with government assistance, and just a 25 percent chance of a government bailout without a bankruptcy.
The rating agency also said it sees just a 5 percent chance of a "freefall" bankruptcy ...
Sign in to access
this Article
"Moody's sees 70 percent chance of auto bankruptcy" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.

