Credit rating agency Standard & Poor's reduces the debt rating status for General Motors Corp. and Ford Motor Co. to junk level with negative outlooks, a move that could make it increasingly difficult for the auto makers to obtain credit for operations. The firm cut GM to “BB” level, citing the auto maker's inability to address its competitive disadvantages in the global marketplace, along with concerns GM's SUVs will lag in profitability as the segment continues to weaken. “GM's ...
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