US CREDIT-Investors see higher risk of GM default


By Anastasija Johnson NEW YORK, June 26 (Reuters) - General Motors Corp's assurance on Thursdsay that it has sufficient liquidity did not prevent credit investors pricing in a 75 percent chance that the largest U.S. automaker would default on its debt in the next five years. Costs to insure GM debt against default shot to a record high on Thursday and its bond prices plunged, after investment bank Goldman Sachs urged investors to sell its stock and warned that the car maker would need to ...

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