S&P Reduces GM And Ford to Junk

McDermott, Judy; Catton, Grant; Kantin, Kerry
May 2005
Investment Dealers' Digest;5/9/2005, Vol. 71 Issue 18, p12
Trade Publication
Reports that Standard & Poor's Ratings Services has dropped the credit ratings of automakers General Motors Corp. (GM) and Ford Motor Co. to junk status in the U.S. Skepticism of Ford about whether the management's strategies will be sufficient to counteract mounting competitive challenges reflected in the downgrade to non-investment grade; Concern about the companies' struggling sport utility vehicle (SUV) product lines; Dependence of GM's financial performance on the profit contribution of its SUV.


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