GM has plenty of cash

General Motors credit rating is hovering on "junk" status, but there's so much cash in the coffers it won't mean much to them in the short-term. A junk rating would hurt the rates used by the automaker when it borrows the billions it needs to develop new cars, but it would not send the company into a sudden cash crisis, the Wall Street Journal reports. General Motors can buy a few quarters to get back to profitability before the real troubles set in.