UPDATE 1-Bond investors dump GM as downgrade fear rises

Newswire

(Adds US bond prices, paragraph 9, GM comment, paragraphs 18-19) By David Wigan LONDON, Jan 20 (Reuters) - Nervous bond market investors gathered in emergency meetings on Thursday after General Motors' debt crashed to record lows on the company's weak first-quarter outlook, which fueled concern its ratings would be cut to "junk" status. GM is one of the world's biggest corporate borrowers, with over $120 billion of bond debt outstanding, and accounts for around 2.5 percent of the major ...

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