(Adds background, details) NEW YORK, July 31 (Reuters) - Standard & Poor's on Thursday cut ratings on all three major U.S. automakers deeper into junk status, citing expected losses due to higher gas prices and a weakening U.S. economy. S&P cut its ratings for General Motors Corp , Ford Motor Co and Chrysler Automotive LLC to "B-minus," or six levels below investment grade, from "B." It also cut to "B-minus" from "B" the finance arms of Ford, Chrysler and GMAC, which is 49 ...
Premium Content (PAID Subscription Required)
"UPDATE 1-S&P cuts Big Three carmaker ratings lower into junk" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642