DBRS revises General Motors to positive

DBRS said it confirmed the long-term debt ratings of General Motors Co. at BBB (low) and changed the trend to positive from stable.

The action reflects General Motors’ improving financial performance (despite varying regional industry conditions) amid the company’s robust financial risk profile, with credit metrics exceeding levels commensurate with the current ratings.

DBRS noted that General Motors’ business profile may be subject to moderate strengthening, reflecting not only the recent earnings momentum in North America but also progress in its international operations, with the company well positioned to benefit from the ongoing growth of the global auto industry.

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