TEXT-S&P: Credit measures on US automakers, suppliers

Newswire

(The following statement was released by the rating agency) June 24 - Standard & Poor's Ratings Services' analysis of 15 non-financial industrial sectors' credit measures indicate further weakness across industrials, particularly in the beleaguered automotive sector, according to a report published today on RatingsDirect. In "Sector Credit Metrics: U.S. Automakers And Suppliers Are In A Race To Last Place," a new commentary type, we compare six key credit measures of profitability and ...

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