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S&P Credit Research1271 word report
published Jun 01, 2009
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S&P Credit Research
| Abstract: | -- We are lowering the ratings on General Motors Corp. to 'D' following the company's filing for Chapter 11 bankruptcy protection. -- Recovery ratings remain unchanged pending further information from the bankruptcy proceedings. -- The U.S. Treasury Department has indicated it will provide the bulk of debtor-in-possession financing through an approximately $33 billion facility. NEW YORK (Standard&Poor's) June 1, 2009--Standard&Poor's Ratings Services today said it has lowered its corporate credit rating on General Motors Corp. to 'D' from 'CC'. We also lowered our issue-level ratings on the company to 'D'. The rating actions were prompted by General Motors' filing for Chapter 11 bankruptcy protection on June 1, 2009, in New York. The U.S. Treasury Department, already
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| Brief Excerpt: | RESEARCH Ratings Definitions General Motors Corp. Downgraded To 'D' On Bankruptcy Filing Publication date: 01-Jun-2009 Primary Credit Analysts: Robert Schulz, CFA, New York (1) 212-438-7808; robert_schulz@standardandpoors.com Gregg...
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| Report Type: | Ratings Action
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| Ticker: | GM
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| Issuer: | General Motors Corp.
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| GICS: | Automobile Manufacturers (25102010)
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| Sector: | Global Issuers, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- Research Update: General Motors Corp. Downgraded To 'D' On Bankruptcy Filing $175.00
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- Bulletin: General Motors Corp. Submits Cost-Cutting Plan To U.S. Treasury; Corporate Credit Rating Is Unchanged $100.00
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- General Motors Unsec'd. Debt Rtg Cut To ?C?, Recov. Rtg To ?6? On Announcement Of Gov't. Loans $100.00
NEW YORK (Standard&Poor's) Dec. 22, 2008--Standard&Poor's Ratings Services today said it has lowered its issue-level ratings on the unsecured debt of General Motors Co. and General Motors of Canada Ltd. to 'C' from 'CC'. At the same time, we ...
