Moody's rates GMF Canada notes Ba2

Moody's Investors Service said it assigned a Ba2 rating to General Motors of Canada, Ltd.'s (GMF Canada) C$400 million three-year senior unsecured notes.

The outlook is stable.

GMF Canada's senior notes are unconditionally guaranteed by ultimate parent General Motors Financial Co., Inc. (Ba2 corporate family and senior unsecured, stable) and by direct parent Americredit Financial Services, Inc. (unrated) on a joint and several basis.

The rating of the notes also reflects their senior ranking in GMF Canada's capital structure, as well as the pari passu ranking of GMF's guaranty with its outstanding senior unsecured debt, the agency said.

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