by Freddie Mooche
Debt Consolidation And Credit GM and Ford may see limited borrowing power following S&P's credit rating downgrade for the two leading US automakers, making it more expensive to finance debt.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.
LIBOR is an abbreviation for "London Interbank Offered Rate, " and is the interest rate offered by a specific group of London banks for U.S. dollar deposits of a stated maturity. LIBOR is used as a base index for setting rates of some adjustable rate financial instruments. Line of Credit term financing usually granted by a bank up to a predetermined limit; debtor borrows as needed up to the limit of credit without need to renegotiate the loan.
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This year's contract talks are considered crucial to the survival of GM and its U.S.-based counterparts, Ford Motor Co. and Chrysler LLC. Ford and Chrysler were also in talks over the weekend, but they extended their contracts with the UAW indefinitely Thursday after the UAW named GM the lead company in the negotiations. Once the union wraps up talks with GM it will try to implement similar agreements at Ford and Chrysler.
Improve Credit Rating May 6, 2005 (AXcess News) New York - GM and Ford may see limited borrowing power following S&P's credit rating downgrade for the two leading US automakers, making it more expensive to finance debt.
Your Complete Guide to Modifying Your Ford. Aimed at Australian Ford owners but applicable to stateside Fords, this book provides plenty of ideas and articles on how to hop up Ford cars. A... Camaro Created under the watchful eye of GM design chief Bill Mitchell, Camaro sales topped 220, 000 in the first production year. Take this comprehensive look back at Camaro from its introduction in 1967 u...
Credit Online Rating Report Standard & Poor's lowered both General Motors and Ford Motor Co. credit rating to junk bond status Thursday, citing lagging SUV sales that the two leading automakers balked at as a sufficient enough reason to lower the companies credit ratings.
GASB was organized in 1984 by the Financial Accounting Foundation (FAF) to establish standards of financial accounting and reporting for state and local governmental entities. GASB standards guide the preparation of external financial reports of those entities. General Obligation Bonds A bond secured by a pledge of the issuer's taxing powers (limited or unlimited). More commonly the general obligation bonds of local governments are paid from ad valorem property taxes and other general revenues. Considered the most secure of all municipal debt.
Credit Score Rating Scale Both Moody's and Fitch still rate the credit of GM and Ford as investment grade. Neither of these credit rating agencies have commented on S&P's decision to downgrade the debt rating of GM and Ford.
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Bad Card Credit Credit People Shares of both automakers plummeted Thursday with GM dropping 5.9 percent and Ford 4.5 percent. Investors got over the credit rating downgrade quickly as both GM and Ford stock found support Friday. GM was up 11 cents at $30.97 and Ford, up 7 cents, at $9.77 in mid-day trading.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking business news. If you're not a member, consider joining now.
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