Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.