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GM, Ford Motor Debt Ratings Cut to Junk by Moody`s (Update2) Aug. 24 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, were lowered to junk by Moody`s Investors Service as both companies lost money in their North American automotive operations this year. Moody`s lowered General Motors Corp.`s rating two levels to Ba2 and the rating on its finance arm to Ba1. Dearborn, Michigan-based Ford was cut one level to Ba1, one step below investment grade. Moody`s also reduced its rating on Ford Motor Credit Co. to the lowest investment grade. The Ford cuts affect about $150 billion in debt, Moody`s said in a statement today. GM and Ford have struggled to maintain U.S. market share this year, resorting to offering employee discounts to all buyers in an effort to boost sales. Moody`s gave Ford its second junk rating, which will push the automaker out of Lehman Brothers Holdings Inc.`s most widely followed investment-grade bond index. That may spark selling of the bonds. An dem Tag wo Ford seine Pläne zur Restrukturierung bekannt gibt um die Finanzen von diesem Unternehmen besser in den Griff zu bekommen, werden seine Schulden auf Nicht-Investmentstatus herab gestuft, nämlich auf "junk bonds" oder auch "Schrottstatus" genannt. Das Timing von Moody`s in diesem Fall ist köstlich! mfg http://www.bloomberg.com/apps/news?pid=10000087&sid=a0omKZ.T… |
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| aus der Diskussion: | Die Aktie, die noch keiner haben will |
| Autor (Datum des Eintrages): | peter.wedemeier1 (25.08.05 08:01:53) |
| Beitrag: | 149 von 237 (ID:17677775) |
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