TEXT-S&P may still cut General Motors, GMAC LLC ratings

Newswire

(The following statement was released by the rating agency) Oct 29 - Standard & Poor's Ratings Services today said its ratings on General Motors Corp. and on GM's 49%-owned finance affiliate GMAC LLC, including the 'B-' credit ratings on both, remain on CreditWatch, where they were placed with negative implications on Oct. 9, 2008. "Since the CreditWatch placement, GM's situation has become increasingly complex and extremely fluid in light of the weakening global economic outlook and ...

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