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Syndicated loans of speculative-grade borrowers down 1.22% in May.
Automaker's $26 bln pension termination is not enough to improve its credit rating.
Automaker decided to invest in global expansion, new models instead, CFO says.
Significant changes needed in tax and spending policies, agency says.
If Germany doesn't agree to eurozone bonds, there are other possible compromises.
Fund would issue up to $20 bln of commercial paper; take bank assets as collateral.
Chief investment offices trading loss likely to cut Q2 earnings to 65 cents a share: ISI.