GM (GM) is down 5.3% after Moody's downgrades its debt to Junk (Caa1). The downgrade reflects...

|By:, SA News Editor

GM (GM) is down 5.3% after Moody's downgrades its debt to Junk (Caa1). The downgrade reflects the challenges GM faces in re-establishing a competitive position and generating positive cashflow amid softening U.S. vehicle sales.