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Despite Wall Street’s present turmoil, Delphi Corp. is making “significant progress” as it strives to emerge from bankruptcy, a company spokesman said.
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NEW YORK, Sept 29 (Reuters) - Standard & Poor's on Monday placed Citigroup ratings on review for a possible downgrade and said it expects further write-downs on troubled assets and loans to pressure earnings. Citigroup's 'AA-' counterparty credit rating, the fourth-highest investment grade in S&P's scale, and the 'AA' counterparty credit rating on its banking units, the third-highest investment ...
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