The Truth About Cars » junk bonds http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Wed, 10 Dec 2014 17:21:42 +0000 en-US hourly 1 http://wordpress.org/?v=4.0.1 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » junk bonds http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com GM Wants A Big Revolver For Less http://www.thetruthaboutcars.com/2012/10/gm-wants-a-big-revolver-for-less/ http://www.thetruthaboutcars.com/2012/10/gm-wants-a-big-revolver-for-less/#comments Mon, 22 Oct 2012 18:02:31 +0000 http://www.thetruthaboutcars.com/?p=464513 GM wants to double its $5 billion revolving credit line. However, the junk credit rated company does not want to pay junk credit interest for it. “We think we can get it priced as if we’re investment grade, which is kind of one of our goals going into 2013, to achieve investment grade,” GM CEO […]

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GM wants to double its $5 billion revolving credit line. However, the junk credit rated company does not want to pay junk credit interest for it. “We think we can get it priced as if we’re investment grade, which is kind of one of our goals going into 2013, to achieve investment grade,” GM CEO Dan Akerson told Bloomberg yesterday in Sao Paulo.

GM is rated Ba1 by Moody’s and BB+ at Standard & Poor’s, both junk bond ratings, but pretty good ones. Borrowing costs for high-yield, high-risk companies are at the lowest level in decades, and stood at 6.84 percent as of Oct. 18, says Bloomberg. GM wants to pay less.

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