(Reuters) - NEW YORK, July 12 - Fitch Ratings on Thursday said General Motors Corp. is no longer on review for a downgrade because a new labor contract with its key supplier Delphi Corp has reduced the risk of a work stoppage.
Fitch affirmed GM's issuer rating at "B," the fifth-highest junk rating. The outlook is negative, however, indicating the rating could still be downgraded over the long term.
Read more at Reuters.com Bonds News
Fitch affirmed GM's issuer rating at "B," the fifth-highest junk rating. The outlook is negative, however, indicating the rating could still be downgraded over the long term.
Read more at Reuters.com Bonds News
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