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Fitch Raises Rating on General Motors

Agency cites strong financial position, product line.

by on Jun.13, 2017

Fitch Ratings raised General Motors' debt rating as well as that of GM Financial.

Fitch Ratings has upgraded the debt ratings for General Motors Co. and its finance subsidiary General Motors Financial Company Inc.

GM debt was raised to investment grade last year, but the upgrade of GM’s ratings is supported by fundamental improvement in the company’s credit profile largely resulting from its work to improve product profitability while maintaining a relatively conservative balance sheet, according to the analysis by Fitch.

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Raising the credit rating to investment grade has been one of GM’s goals since it emerged from bankruptcy in the summer of 2009.  (more…)