NEW YORK, June 22 (Reuters) - Investors are still working out how Residential Capital Corp.'s bonds should be priced relative to the company's credit default swaps, but some analysts believe the gap is currently too narrow. The new General Motors Corp. unit managed to win investment-grade ratings despite its parent company's junk status, and also managed to attract $17 billion of orders for the $4 billion of bonds it sold on Tuesday. Part of what drew such intense investor demand was the ...
Premium Content (PAID Subscription Required)
"US CREDIT-Investors wrestle with ResCap value" 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!
Current subscribers, please login or CLICK for support information.