Moody’s Investors Service was constantly reviewing G.M. and, as we were expecting, it has slashed the G.M.’s credit rating to B2 from B1. Though G.M. is making efforts to refurbish its lost sheen by cutting 30,000 jobs and shut down 12 plants by 2008, Moody’s are not in a mood to have any mercy on the slacking giant, fearing it to go bankrupt as it lost $8.6 billion last year.



Via: nytimes