Fitch: General Motors view to positive

Fitch Ratings said it affirmed the issuer default ratings for General Motors Co. and its finance subsidiary General Motors Financial Co., Inc. at BBB-.

The outlook was revised to positive from stable.

Fitch said the outlook revision reflects its expectation that the company's credit profile will continue to strengthen over the intermediate-term as the profitability of its global product portfolio increases, while the company maintains low leverage and strong automotive liquidity.

The positive outlook is also supported by a significant number of recall-related settlements accomplished over the past year, which has removed a significant amount of uncertainty related to those legacy issues, the agency said.

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