S&P Ratings on Automakers' Dire Situation

The rating agency on the possible outcomes for GM, Ford, and Chrysler after the Senate's rejection of bailout loans

Standard & Poor's Ratings Services said on Dec. 12 that, in light of the U.S. Senate's rejection last night of an emergency loan package for General Motors Corp. (GM) and Chrysler LLC, the risk of default by one or both of these companies over the next few months remains very high.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.