Inside these posts: Junk rating

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Oct. 7, 2010 at 2:10 p.m.
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Filed under: Autos, IPOs

S&P rating puts GM into junk territory

By Dow Jones Newswires

Standard & Poor’s Ratings Services on Thursday gave a BB- corporate credit rating to General Motors Co., placing it three notches into junk territory and matching the level peer Fitch Ratings assigned Wednesday. Get the full story »

July 8, 2010 at 2:17 p.m.
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Filed under: Commercial real estate, Investing, Stock activity

Junk-rated First Industrial Realty knocked down another peg

By Dow Jones Newswires

Standard & Poor’s Ratings Services downgraded First Industrial Realty Trust Inc. deeper into junk territory, saying the industrial-property developer has inadequate liquidity and a small cushion under some credit facility covenants.

The move came a week after Fitch Ratings took the same action, citing similar concerns. Get the full story »