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DBRS rates General Motors notes BBB (low)
DBRS said it assigned a rating of BBB (low) to the $1.5 billion 3.20% senior notes due July 2020 and the $800 million 4.30% senior notes due July 2025 issued by General Motors Financial Co., Inc.
The trend is stable.
The proceeds will be used for general corporate purposes, DBRS said.
The ratings reflect the ownership of the company and consider the increasing share of General Motors Financial-earning assets that are General Motors-related, the agency said.
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