UPDATE 1-Auto bankruptcy risk "remains high"-S&P

Newswire

* US automaker bankruptcy risk high for GM, Ford, Chrysler * Distressed bond exchanges now more likely, S&P says * GM's 2033 bond falls 4 cents to 15 cents on the dollar (Adds market moves, more quotes, byline) By Walden Siew NEW YORK, March 30 (Reuters) - Bankruptcy risk for all three U.S. automakers remains high after the government forced the ouster of General Motors Corp's chief executive as part of a new rescue plan, Standard & Poor's lead auto analyst said on Monday. ...

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