GM May Face Another Debt Rating Downgrade
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From Bloomberg News
General Motors Corp. may have its debt rating cut for a second time this year by Standard & Poor’s because of concerns that rising fuel prices will reduce sales of sport utility vehicles.
S&P;, Moody’s Investors Service and Fitch Ratings lowered Detroit-based GM’s debt to high-yield, high-risk -- or junk -- status earlier this year.
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