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Fitch Promotes GM to Investment Grade
Fitch Ratings has joined the two other major credit rating services in elevating General Motors Co. and its GM Financial unit to investment grade.
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Fitch Ratings has joined the two other major credit rating services in elevating General Motors Co. and its GM Financial unit to investment grade.
Fitch raised its rating for both companies to BBB-, its lowest investment grade, from BB+ with a "stable" outlook.
Moody's Investors Service and Standard & Poor's Ratings Services raised GM to investment grade in August 2013 and August 2014, respectively.
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