US: S&P ups GM’s credit rating to BB+

Standard & Poor's Ratings Services (S&P) has raised its corporate credit rating on General Motors (GM) to 'BB+' from 'BB-' and revised the rating outlook to stable from positive. It also raised the issue-level rating on GM's debt to  'BBB' from 'BB+', with the recovery rating remaining at '1'. The ratings Subscribe to Automotive World … Continued

• By Webmaster
• September 30, 2011