Fitch downgrades General Motors on diminishing liquidity

[Lichtronamo]

Originally Posted by stormwatcher

Hmmm. I would have thought GM's impending access to government loans would have stabilized thier rating.

The rating downgrade is spite of potential access to government loan guarantees, of which GM would get only part.

[Klay]

Originally Posted by Buickman

Wagoner is a crook intent on destroying dealers, suppliers, and retirees. shame on us for allowing this madman to continue. shame on those here who listen in any way shape or form to the advocates of continuing this guy's pitiful performance. if people would have any common snese, they would have listened to Ron Paul regarding Washington and Buickman regarding GM. I have the answers, problem is the ignorance in acceptability. oh well...see what happens when you don't LISTEN?

Honestly, your post get very tiring and predictable. We all know you really don't like Rick Wagoner, we get it. The fact is though, you totally fail to grasp the real situation. You have focused all your efforts on attacking Wagoner yet missed any other outside factor that has caused GM to stumble.

It's like you are blinded to the fact GM is riddled with healthcare cost (moreso previously) or that the economy is not doing so good right now or that gas prices are pretty high realitvely speaking. Until you can make a post that actually address issues or at least correctly identifies them it will be hard for people to take your post seriously.

[lio45]

Originally Posted by Ambalanche

I wasn't aware it could go any lower!

It can still go lower. To "CC", and then to "C".

Then, after GM has started defaulting on their debt, they will still be rated (there are ratings in the Ds) based on how likely the company is to survive. These ratings are even further below their current CCC.

So, yeah, there's room down there. Get the lawnchair and popcorn.

[Buickman]

Originally Posted by Klay

Honestly, your post get very tiring and predictable. We all know you really don't like Rick Wagoner, we get it. The fact is though, you totally fail to grasp the real situation. You have focused all your efforts on attacking Wagoner yet missed any other outside factor that has caused GM to stumble.

It's like you are blinded to the fact GM is riddled with healthcare cost (moreso previously) or that the economy is not doing so good right now or that gas prices are pretty high realitvely speaking. Until you can make a post that actually address issues or at least correctly identifies them it will be hard for people to take your post seriously.

some things just never change. he needs to go as did Matt Millen and Kwame Kilpatrick. failure is failure and that is that. I simply continue to point out the obvious and some refuse to see the light. in actuality, there should be a stampede to drive this guy out of town.