UPDATE 1-S&P strips Michigan of top credit rating

Newswire

(Recasts, adds details, governor's comment) By Joan Gralla NEW YORK, Dec 30 (Reuters) - Standard & Poor's on Tuesday stripped Michigan of its coveted triple-A credit rating, saying the state, which is heavily dependent on the ailing auto industry, faced large shortfalls in next year's budget. The credit rating agency cut Michigan to double-A-plus even though the national economy is expected to grow next year. Michigan had expected to finish fiscal 2003, ended in October, with a ...

Premium Content (PAID Subscription Required)

"UPDATE 1-S&P strips Michigan of top credit rating" 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
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×