UPDATE 2-GMAC says prepared for possible "junk" rating

Newswire

(Recasts, adds interview with Khattri, ratings comments, detail throughout) By Richard Barley AMSTERDAM, April 26 (Reuters) - General Motors Acceptance Corp, the funding arm of General Motors Corp. , is prepared for a possible downgrade to below investment grade but does not deserve it, the company's chief financial officer said on Tuesday. GM and GMAC's ratings from Standard & Poor's and Fitch were lowered to the brink of "junk" status, at BBB- with a negative outlook, after the ...

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