- Language: English
- Published: November 2012
Research Update: General Motors Acceptance Corp. of Canada Ltd.
- ID: 1721024
- October 2002
- Region: Canada
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
On Oct. 17, 2002, Standard & Poor's Ratings Services said it lowered the Canadian national scale commercial paper ratings to 'A-2(Cdn)' from 'A-1(Low)' on General Motors of Canada Ltd. and General Motors Acceptance Corp. of Canada, Ltd. (GM Canada and GMAC Canada) following the reduction in the long-term corporate and counterparty credit ratings of General Motors Corp. (GM; BBB/Stable/A-2), and General Motors Acceptance Corp. (GMAC; BBB/Stable/A-2), and its related entities (See press release "General Motors Corp. Long-Term Ratings Lowered As Pension Liabilities Increase" published Oct. 16, 2002, on RatingsDirect, Standard & Poor's Web-based credit analysis system). Yesterday, the long-term debt ratings on GM Canada and GMAC Canada were lowered to triple-'B' from triple-'B'-plus. The long-term debt and Canadian national scale...
Companies mentioned in this report are: General Motors Acceptance Corp. of Canada Ltd.
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General Motors Acceptance Corp. of Canada Ltd.