OTHER NEWS - Oct. 16, 1992
From Staff and Wire Reports
GM Faces Possible Debt Rating Downgrade: General Motors Corp. could face a cut in its debt rating next year if it fails to turn around its loss-ridden car business, Standard & Poor’s Corp. said. “In the absence of clear signs of a turnaround in the financial performance of its core automotive operations, ratings could be lowered by mid-1993,” the agency said. The rating agency also said Chrysler Corp.’s rating could be upgraded in the next few quarters if its new line of LH cars proves a success.
