DBRS changes General Motors view

DBRS said it changed the trend on the issuer rating and revolving credit facility rating of General Motors Co. to positive from stable and confirmed both ratings at BBB.

The agency said the company’s sound business risk assessment as a major global automotive original equipment manufacturer with solid market positions in North America and China supports the ratings.

DBRS said the trend change recognizes that the company’s financial risk assessment exceeds the currently assigned ratings and DBRS’ expectation that future earnings performance and associated credit metrics will continue to near recent levels, notwithstanding headwinds in the form of required investments associated with emerging automotive technologies and businesses, in addition to trade/tariff uncertainties.

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