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.
Spiritual pride leads to a lingering spiritual death. It turns the living being into a tomb, bright and polished on the outside, proudly ornamented with scrupulous attention to detail, and ostentatious adherence to the letter of the law — but inside full of corruption, and festering foulness. They love the rituals and the worldly forms of religion, but want nothing to do with mercy and love. It is a sickening romance with the self, unto death.
Jesse, Essere Umano, 20 August 2017