Summary
DAYTON -- Delphi Corp., which employs nearly 8,000 Dayton-area workers, on Tuesday had its credit rating lowered further into "junk" status while it confirmed that production at one local plant will be reduced this summer.
Standard & Poor's Ratings Services lowered the auto supplier's credit rating from BB to B-, citing weak earnings and production cuts at General Motors Corp.See the full content of this document
Extract
Delphi Rating Lowered to 'Junk'
Delphi is closely affected by GM since it relies on GM for nearly 50 percent...
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