Fitch gives GM loan BB+

Fitch Ratings said it has assigned a rating of BB+ to General Motors Co.'s amended unsecured credit facilities.

Fitch currently rates GM's issuer default rating BB+.

The outlook is positive.

Fitch said it has also affirmed and withdrawn the BB+ issuer default rating of GM's General Motors Holdings LLC subsidiary, as there is no longer any rated debt at the subsidiary, and Fitch noted that it does not expect the subsidiary to be an active issuer going forward.

GM also announced that it has closed on an amendment to its unsecured revolving credit facilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.