GM Gets Raised S&P Endorsement to Investment Grade Rating
September, 2014
Dear Care for Crash Victims Community Members:
The Detroit Bureau reports:
“Despite the recall of more nearly 30 million vehicles in the U.S. this year, concerns about subprime lending and a lackluster showing in the stock market, Standard & Poors has given GM a much-needed endorsement, raising the company’s credit rating to investment grade.
The announcement comes at a welcome moment for GM, which has watched its share price slide 20% since the beginning of the year, even while the S&P 500 has gained 20%. It also coincides with a generally positive cover story in Time magazine featuring CEO Mary Barra.”
See http://www.thedetroitbureau.com/2014/09/gm-regains-investment-grade-rating-from-sp/
Without comment,
Lou
