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

|By:, 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."