NEW YORK, Dec 21 (Reuters) - Standard & Poor's on Tuesday cut its corporate credit rating on automotive supplier Delphi Corp. to junk status, saying production cuts at General Motors Corp. will pressure Delphi's earnings next year. Downgrades to junk can dramatically increase a company's borrowing costs. S&P cut Delphi's corporate credit rating to "BB-plus," the highest junk rating, from "BBB-minus" and its short-term rating to "B" from "A3." The outlook is stable. General ...
Premium Content (PAID Subscription Required)
"S&P cuts Delphi Corp.'s rating to junk" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.