Some investors think GM bonds are a buy


By Dan Wilchins NEW YORK, Jan 20 (Reuters) - General Motors Acceptance Corp.'s bonds plummeted on Thursday on mounting concerns that ratings agencies may cut GMAC parent General Motors Corp. to junk status, but some investors think it's time to start buying GM debt. The stakes are high. GM and its finance arm GMAC, which combined are one of the largest corporate bond issuers in the United States, are perched a step above junk status, according to Standard & Poor's. S&P last ...

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