DBRS Releases Report on General Motors Company
Autos & Auto SuppliersDBRS today has released a report on General Motors Company and General Motors Holdings LLC (collectively, GM or the Company) that supports the recent upgrade of their Issuer Rating to BB (high) from BB and confirmation of General Motors Holdings LLC’s Secured Credit Facility at BBB (low). The trend on all ratings is Stable.
The upgrade of the Issuer Rating reflects the Company’s continuously improving performance, with GM becoming significantly profitable from 2010 through the first half of 2011.
Today’s report and the November 1, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.