TEXT-S&P says auto sector spreads among tightest industry spreads

Newswire

(The following statement was released by the rating agency) June 25 - Since the start of the year, the speculative-grade spread for the auto sector has been, on average, tighter than all other nonfinancial sectors' speculative-grade spreads, said an article published today by Standard & Poor's Global Fixed Income Research, titled "The Auto Sector's Speculative-Grade Spread Is One Of The Tightest Among Nonfinancial Industries." "The auto sector's speculative-grade spread average for 2012 ...

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