Fitch Affirms General Motors IDR at 'B', Outlook Negative.
Business Wire › February 27, 2008
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Fitch Affirms General Motors IDR at 'B', Outlook Negative.
CHICAGO -- Fitch Ratings has affirmed the Issuer Default Rating (IDR) of General Motors (GM) at 'B', with a Rating Outlook Negative. Fitch projects that despite significant cost reduction programs that have occurred at GM's North American operations, negative cash flows at GM are expected to increase in 2008, leading to more pronounced liquidity drains. Weak economic conditions in the U.S., contin...
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