General Motors:Moody's places B1 rating on review for downgrade
The following is a summary of a UBS full-length report on this topic, dated January 27, 2006.
* Moody's places GM's B1 rating on review for downgrade:
Following GM's very weak 2005 results, Moody's placed GM's B1 rating on review for possible downgrade due to further evidence of erosion in GM's North American business position.
* Moody's Ba1 rating for GMAC remains unchanged:
GMAC's Ba1 rating was left unchanged with direction uncertain.
* We consider GM to be "Sell":
Investors should consider whether GM/GMAC bonds are appropriate given risk tolerance.
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