As Default Risk Soars, GM Draws Down $16 Billion From Credit Lines, Suspends Guidance
Mar 24th 2020 8:15am EDT
As Default Risk Soars, GM Draws Down $16 Billion From Credit Lines, Suspends Guidance The credit market is pricing the odds of default for General Motors at 49% as the economic collapse triggered by COVID-19 mitigation ripples through almost every industry. And so, like many other companies, GM is erring on the side of more […]
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