General Motors faces an uphill struggle to restore confidence in the capital markets after last month’s profit warning showed a $4 billion swing in the forecast for operating cashflow at the automotive operations, from $2 billion positive to a $2 billion loss.
GM’s largest quarterly loss since 1992 prompted Standard & Poor’s to change the BBB- outlook to negative from stable, viewing the rating as “tenuous”. Fitch cut the automaker’s rating from BBB to BBB- with negative outlook. Analysts no
The week on Risk.net, July 7-13, 2018Receive this by email