DBRS upgrades General Motors

DBRS said it upgraded the long-term debt ratings of General Motors Co. to BBB from BBB (low).

The company’s 2015 financial results improved over already solid 2014 earnings, DBRS said. The losses of GM Europe also meaningfully narrowed, the agency said.

In China, notwithstanding the moderation in industry growth, the company also is expected to generate solid sales and profitability, given strong product cadence that includes forthcoming model launches in the key segments, DBRS added.

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