GM Gets Raised S&P Endorsement to Investment Grade Rating


GM Gets Raised S&P Endorsement to Investment Grade Rating

September, 2014

Dear Care for Crash Victims Community Members:

The Detroit Bureau reports:

“Despite the recall of more nearly 30 million vehicles in the U.S. this year, concerns about subprime lending and a lackluster showing in the stock market, Standard & Poors has given GM a much-needed endorsement, raising the company’s credit rating to investment grade.

The announcement comes at a welcome moment for GM, which has watched its share price slide 20% since the beginning of the year, even while the S&P 500 has gained 20%. It also coincides with a generally positive cover story in Time magazine featuring CEO Mary Barra.”

See  http://www.thedetroitbureau.com/2014/09/gm-regains-investment-grade-rating-from-sp/

Without comment,

Lou

 

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