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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: cfimx who wrote (247336)	6/26/2003 5:37:37 PM
From: Haim R. Branisteanu	Read Replies (1) of 436258

GM has really junk bond status Moody's rates the company "Baa1," its third-lowest investment grade, while Fitch assigns an equivalent "BBB-plus" rating. Standard & Poor's rates the firm "BBB," one notch lower. biz.yahoo.com GM is also expected to sell 2.5 billion euros and GMAC 3.0 billion euros of bonds, while another unit GM Nova Scotia is expected to sell 350 million of sterling of 12-year bonds and 250 million sterling of 20-year bonds. "We remain somewhat concerned that "hot money" could quickly flow out of the deal over coming days, a factor that -- along with the weak govvie markets -- could weigh on sentiment prompting wider spreads over coming days," McKay said. Now they need to rally the EUR to make some money on those 2.6 billion

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