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View Full Version : CHEVY and FORD downgraded to "junk"



Lenny
05-05-2005, 03:21 PM
:eek: :eek: :eek:

This is going to upset things...

Now we'll see Pension Funds etc required to pull investments out of "junk bond" status Companies. And a million other spin-off scenarios. Seems Kerkorians 870M$ did nothing. :(

BUIZILLA
05-05-2005, 06:05 PM
I think S & P's decision was reached before it was announced today. Had Kerky announced his deal a week ago, it may have swayed things a tad, but it's very doubtful.

JH

Formula Jr
05-06-2005, 01:54 AM
Kerkorian said his position was a buy and hold. It wasn't meant to prop up a stock or change anything. Its just speculation that no matter how bad GM or Ford got, there will be federal help or a buy out. We have seen this pattern before with Chrysler. In this climate, both might go to ch11. End all the labor contracts and then the major interest will be overseas. Welcome to the brave new one corp. world.