DBRS Rates GM Financial $2.00 bn Issuance of Senior Notes with Various Maturity Dates at BBB, Stb

DBRS, Inc. (DBRS) assigned a rating of BBB to the $400 million floating rate Senior Notes due November 6, 2020, the $850 million 2.450% Senior Notes due November 6, 2020 and the $750 million 3.500% Senior Notes due November 7, 2024, (together the Notes) issued by General Motors Financial Company, Inc. (GMF or the Company). The trend on all of the Notes is Stable.

The rating reflects the ownership of the Company and considers the increasing share of GMF earning assets that are General Motors (GM)-related. Moreover, the strong financial and operational interconnectedness between GMF and GM and the importance of GMF to GM as a provider of dealer and consumer automotive financing underpin the ratings.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are Global Methodology for Rating Finance Companies (October 2016), Rating Companies in the Automotive Manufacturing Industry (October 2016), DBRS Criteria - Rating Corporate Holding Companies and Their Subsidiaries (December 2016) and DBRS Criteria - Guarantees and Other Forms of Support (February 2017), which can be found on our website under Methodologies.

The primary sources of information used for this rating include company documents and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.