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UPDATE 1-S&P restores GM debt to investment grade

2014-09-26 05:43:06| Automakers - Topix.net

General Motors Co's corporate debt was raised by Standard & Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization. S&P on Thursday lifted GM to BBB-, after downgrading the unsecured debt of GM's predecessor to junk-bond status in 2005.

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