TEXT-S&P says Suzuki rating not affected by Daewoo stake

Newswire

(Press release provided by Standard & Poor's Corp) TOKYO, June 28 - Standard & Poor's said on Friday that the single-'A'-minus-pi rating on Suzuki Motor Corp will not be affected by its recently announced $89 million investment in a 14.9 percent stake in GM Daewoo Auto & Technology Co (GMDAT), a newly formed company that will own most of the assets of the bankrupt Daewoo Motor Co. The General Motors group, which includes General Motors Corp (GM) and Suzuki, plans to acquire a ...

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