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S&P places GM (GM -21.7%) on credit watch negative, meaning its debt - already in junk...

Oct. 09, 2008 3:27 PM ETBy: Mary Hunt, SA News Editor
S&P places GM (GM -21.7%) on credit watch negative, meaning its debt - already in junk territory - could face another downgrade. The move "reflects the rapidly weakening state of most global automotive markets, along with capital market conditions that will remain a serious challenge for the foreseeable future."

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