Moody’s Investors Service downgraded the debt ratings of General Motors and Ford, citing increased competition from electric vehicle makers like Rivian. The rating agency lowered GM’s debt to A2 from A1 and Ford’s to A3 from A2.
Moody’s Investors Service downgraded the debt ratings of General Motors and Ford, citing increased competition from electric vehicle makers like Rivian. The rating agency lowered GM’s debt to A2 from A1 and Ford’s to A3 from A2.