S&P says concerns about GM's ratings mount

Newswire

By Dena Aubin NEW YORK, Sept 27 (Reuters) - Weaker consumer demand in the face of high gasoline prices is adding to the troubles facing General Motors Corp., raising concerns about the company's credit ratings, Standard & Poor's analysts said on Tuesday. Nearly five months after downgrading the world's largest automaker to junk status, S&P said that GM needs to address both its high cost structure and sliding market share, and new challenges have surfaced in both areas. "We ...

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