Moody’s rates General Motors loan Baa3

Moody’s Investors Service said it assigned a Baa3 rating to the amended and extended $14.5 billion credit facilities of General Motors Co.

The company’s Ba1 senior unsecured rating is unaffected and the outlook remains positive.

The ratings are supported by the company’s increasingly competitive operations in North America, strong position in the still-growing Chinese market and the likelihood that it will achieve breakeven performance in Europe, Moody’s said.

The ratings also are supported by the operating and financial disciplines that General Motors has continued to embrace, the agency said.

The positive outlook reflects an expectation that the company will continue to successfully execute its operating plan in North America, Europe and China, Moody’s said.

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