Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (19203)	12/21/2004 12:27:45 PM
From: mishedlo	Respond to of 116555

S&P cuts Delphi credit to 'junk' status (DPH) By Tomi Kilgore NEW YORK (CBS.MW) -- Standard & Poor's downgraded Delphi Corp.'s (DPH) corporate credit rating to "BB+", which is the highest "junk" rating, from "BBB-" due to expectations that the earnings outlooks will remain weak for the next few years amid challenging conditions in the automotive industry. S&P is also concerned about the company's dependence on General Motors (GM) , which has been losing market share in the U.S., and over the Delphi's underfunded employee benefit obligations. S&P also downgraded Dephi's short-term rating to "B" from "A-3." Delphi shares were last up 2 cents at $8.46.