Research Update: General Motors And GMAC Ratings Remain On Watch Neg On Reports Of GM-Chrysler Alliance Talks - 2008/10/13 - S&P Credit Research

Report title: Research Update: General Motors And GMAC Ratings Remain On Watch Neg On Reports Of GM-Chrysler Alliance Talks

from S&P Credit Research
766 word report published Oct 13, 2008

Price $175.00 available for immediate download

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Abstract:

On Oct. 13, 2008, Standard&Poor's Ratings Services said that its ratings on U.S. automaker General Motors Corp. (GM), including the 'B-' long-term corporate credit rating, and ratings on GM's 49%-owned finance affiliate GMAC LLC, including the 'B-' long-term counterparty credit rating, remain on CreditWatch, where they were placed with negative implications on Oct. 9, 2008. Since the CreditWatch placement, various published reports have discussed talks being held about a merger or partnership between GM and Chrysler LLC (CCC+/Negative/--), a privately held U.S. automaker. Nissan Motor Co. Ltd. (BBB+/Stable/A-2) and Renault S.A. (BBB+/Negative/A-2)--foreign automakers with a successful existing alliance--have also been reported to be talking with Chrysler. The CreditWatch placement is not immediately affected by the possibility of a

Brief Excerpt:

RESEARCH Ratings Definitions Research Update: General Motors And GMAC Ratings Remain On Watch Neg On Reports Of GM-Chrysler Alliance Talks Publication date: 13-Oct-2008 Primary Credit Analyst: Robert Schulz, CFA, New York (1) 212-438-7808;...

Report Type:

Research Update

Ticker:

Issuer:

Motors Liquidation Co. (fka General Motors Corp.)

GICS:

Automobile Manufacturers (25102010)

Sector:

Global Issuers, Public Finance, Structured Finance

Country:

United States

Region:

United States

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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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