DBRS Discontinues General Motors Ratings

DBRS has today discontinued/withdrawn the following ratings of General Motors Corporation (GM or the Company):
-- Issuer Rating
-- Long-Term Debt
-- Convertible Debentures
-- Commercial Paper
-- Ind. Dev. Empower. Zone Rev. Bds., S2004
-- Secured Bank Facilities

Additionally, the following ratings of General Motors of Canada Limited have also been discontinued/withdrawn:
-- Commercial Paper
-- Long-Term Debt

The discontinuation reflects the cancellation of the above-noted debt securities. GM filed for Chapter 11 bankruptcy protection in the United States on June 1, 2009, at which time the majority of the ratings were lowered to D. DBRS notes that the “new GM” exited bankruptcy today, with the new entity consisting of the stronger assets of the former General Motors; the residual assets remain in bankruptcy (under the corporate name of Motors Liquidation Company) and are in the process of being wound down or sold.

Notes:
The applicable methodology is Rating Automotive, which can be found on our website under Methodologies.

This is a Corporate (Autos & Auto Parts) rating.