S&P: General Motors unchanged

Standard & Poor's said it views General Motors Co.'s fourth-quarter 2011 results as mixed, but consistent overall with its BB+ rating and stable outlook.

Automotive free operating cash generation for 2011 was positive, but weaker than the assumption, S&P said.

Unfunded post-retirement obligations at the end of 2011 were better than assumed, the agency added.

S&P also said it continues to monitor the very weak economic outlook for Europe.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.