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DBRS gives GM Financial BB
DBRS said it has assigned an issuer and senior unsecured debt rating of BB (high) to General Motors Financial Co., Inc.
Concurrently, DBRS assigned a short-term instruments rating of R-4. The trend is stable.
According to the agency, the ratings of GM Financial are placed one notch below that of its parent, General Motors Co., reflecting the weaker stand-alone credit profile than that of its parent and the lack of an explicit guarantee or support agreement from GM.
The one notch differential in the ratings also considers GM Financial's ownership, the increasing interconnectedness between the two and the strengthening strategic importance of GM Financial to GM.
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