S&P may downgrade Ford, GM, Chrysler on worsening market
By Wallace Witkowski
Last update: 1:39 p.m. EDT June 20, 2008
SAN FRANCISCO (MarketWatch) -- Standard & Poor's said Friday it may downgrade the ratings of the Big Three automakers following a review of deteriorating U.S. industry conditions. S&P placed its corporate credit ratings of General Motors Corp. and Chrysler on CreditWatch with negative implications.
"We have renewed concerns about all three automakers' future cash outflows in light of the prospects for U.S. sales for the rest of 2008 and into 2009," said Robert Schulz, an S&P credit analyst, in a statement.
“One day, we will have to stand before the God of history. And we will talk in terms of things we've done. And its seems to me that I can hear the God of history saying, 'That was not enough. For I was hungry, and you fed me not. I was naked, and you clothed me not. I was devoid of a decent sanitary house to live in, and you provided no shelter for me. And consequently, you cannot enter the kingdom of greatness.'" Martin Luther King
LE CAFÉ AMÉRICAIN
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Soupes, Potages et Bouillons
Potage traditionnel, consommé sophistiqué
Canapés et Apéritifs de la Maison
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