Re: Danke für die Übersetzung! Die regelmässigen Bonitätsabstufungen von GM und

verfasst von Luigi, 15.06.2003, 18:11

-->Danke für die Übersetzung und fürs Posten.

Die regelmässigen Bonitätsabstufungen bei GM und F werden zur Zeit doch gar nicht zur Kenntnis genommen! Es ist schon Irre!
Die Anleihen von F und GM sind eigentlich schon Junk.


Yet, corporate bond investors say the broad credit market remains largely unfazed by the problems facing these key credit market issuers.

"The market will listen to the news but not for long," said Gary Zeltzer, chief investment officer at Meadowbrook Asset Management in Uniondale, New York."It will punish GM for the day but, next week, it will be fine.

The strength in the overall corporate bond market is being supported by a desperate search for yield, Zeltzer said.

http://biz.yahoo.com/djus/030613/1252000592_1.html

Oder hier:
Yield rises on GMAC bonds after Moody's downgrade
Friday June 13, 9:12 am ET


LONDON, June 13 (Reuters) - Yields on bonds of General Motors Acceptance Corp., the financing arm of U.S. auto giant General Motors (NYSE:GM - News), rose on Friday after Moody's downgraded its rating on the company.
A dealer in London said GMAC's 6.125 percent bond due 2007 was yielding 247 basis points over German government bonds, 10 basis points more on the day. Meanwhile, dollar-denominated debt was hit harder, with a 2008 bond yielding 295 basis points over Treasuries, 15 basis points more on the day.

"Some tried to push bids 20 to 25 basis points wider, but there were no offers, so we're back to around 10 wider," the dealer said of the euro debt.

Moody's said it had cut GM's rating to Baa1 from A3, and GMAC's rating to A3 from A2.

http://biz.yahoo.com/rf/030613/markets_bonds_gmacbond_1.html

Ich lese gern den"Backseat Driver" Kommentar von Jerry Flint"FORBES"
http://www.forbes.com/columnists/col_archive.jhtml?author=jerry+and+flint&aname=Jerry+Flint&date=2003

Kurz seine Meinung zu den Problemchen!
http://www.forbes.com/columnists/2003/03/10/cz_jf_0310flint.html
Backseat Driver
Ford Tough
Jerry Flint, 03.10.03, 6:15 PM ET

Is Ford going bankrupt?
The story was reported this past Friday in the Daily Telegraph of London. Understand, London newspapers have been having trouble keeping readers interested since Diana died and Fergie started wearing tops.

So let's cut to the chase.

Ford Motor (nyse: F - news - people ) is not going bankrupt now or in the near future. While nothing is impossible, I rank the chance as something less than the possibility that aliens from outer space--all resembling Pamela Anderson--will land from rocket ships to seize Earth, and that Saddam Hussein will win his war against the U.S. in a mano-a-mano arm-wrestling contest with President George W. Bush......

I'm not saying that the pension and future health care costs aren't a problem. A $7 billion obligation isn't a joke. Over the years, either profits or some assets have to be pushed into the fund. That's what General Motors is doing right now to beef up its fund. Of course, it would help if the stock market turned around.

Companies just don't go bankrupt because of underfunded pension funds. What counts is if the company is successfully selling its product and making money. If it is, the pension problems get solved.

Detroit automakers--Ford and GM--are old-economy companies. They aren't Enron or WorldCom, and they don't exist in smoke and dreams. The car companies own factories that make real products. The accounting isn't aimed at pushing up the stock to trick investors. I'm talking about honest companies run by honest men. Yes, they make mistakes. But when they do screw up, they--and you, dear reader--hear it from me.

Look at General Motors, which was in worse shape than Ford and has been turning around its U.S. business. The same thing will happen to Ford.

Thread gesperrt

 

gesamter Thread:

• Economist: Krise? Welche Krise? - Zum Beispiel diese...! - Wal Buchenberg, 15.06.2003, 16:57
  • Re: Danke für die Ãœbersetzung! Die regelmässigen Bonitätsabstufungen von GM und - Luigi, 15.06.2003, 18:11
    • Re: Der Artikel von Jerry Flint ist aber toll ;-) The Union Is Strong, The Autom - Luigi, 15.06.2003, 18:22