General Motors of Canada, GMAC Canada Ratings Harmonized
- ID: 1720999
- February 2001
- Region: Canada
- Standard & Poors
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
TORONTO (Standard & Poor's CreditWire) Feb. 8, 2001--Standard & Poor's today announced its harmonized ratings on General Motors of Canada Ltd., General Motors Acceptance Corp. of Canada Ltd., and General Motors Acceptance Corp. (see list below). On Oct. 31, 2000, Standard & Poor's and the Canadian Bond Rating Service (CBRS) announced that they have combined operations in Canada. A process is underway to harmonize all ratings assigned by CBRS with the Standard & Poor's framework, which includes the translation of all ratings onto the Standard & Poor's ratings scale. The ratings announced today are expressed on Standard & Poor's global ratings scale. Going forward, all new debt issue ratings on General Motors of Canada Ltd., General Motors Acceptance Corp. of...
Companies mentioned in this report are: Ally Financial Inc.,General Motors Acceptance Corp. of Canada Ltd.