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05-05-2005, 02:28 PM
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FREE ENGFANTUCATION
 
Join Date: May 20 2003
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S&P cuts GM, Ford credit ratings to 'junk'
By John Porretto, AP Auto Writer | May 5, 2005 DETROIT -- Standard & Poor's Ratings Services cut its corporate credit ratings to junk status for both General Motors Corp. and Ford Motor Co., a significant blow that will increase borrowing costs and limit fund-raising options for the nation's two biggest automakers. http://www.boston.com/business/articles/2005/05/05/sp_cuts_gm_ford_credit_ratings_to_junk/ |
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