Riders on the storm by Gmac auto insurance

Tue, 09 Sep 2008 00:15:04 -0500

Riders on the storm

by Gmac auto insurance @ Tue, 09 Sep 2008 00:15:04 -0500
A rare bright spot was GMAC's auto insurance operation, which enjoyed a $135 million profit in the quarter. Shortly before the results were released, Moody's chopped GMAC's senior debt rating to B3 -- five levels below its Ba1 rating ...