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Research Update: General Motors Financial Co. Inc. Rating Raised To 'BB' And Removed From CreditWatch; Outlook Is Stable Jan 12
Standard & Poors, January 2012
General Motors Financial Co. Inc.'s role as a financier for the customers of its ultimate parent company, General Motors Co., is growing, and its stand-alone financial performance is improving. We are raising the long-term issuer credit rating on GM Financial to 'BB' from 'B+' and removing it from CreditWatch positive. The outlook is stable, reflecting our view that it's unlikely we will raise the ratings on GM Financial to the same level as those on its parent in the next 12 months. On Jan. 5, 2012, Standard & Poor's Ratings Services raised its long-term issuer credit rating on General Motors Financial Co. Inc. (GM Financial) to 'BB' from 'B+'. We also raised the issue-level rating on the company's senior unsecured...
Companies mentioned in this report are: General Motors Financial Co. Inc.,General Motors Co.
Action: Removed From CreditWatch
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.
General Motors Financial Co. Inc.,General Motors Co.