Fitch: General Motors Financial International BB+

Fitch Ratings said it assigned a BB+ rating to General Motors Financial Co., Inc. and General Motors Financial International BV’s €10 billion euro medium-term note program.

Fitch also assigned a long-term issuer default rating of BB+ to General Motors Financial International.

General Motors Financial has a long-term issuer default rating of BB+, long-term issuer default rating of BB+, senior unsecured debt rating of BB+ and short-term issuer default rating of B.

The outlook is positive.

The notes issued under the program will be senior unsecured obligations of the relevant issuer and will rank pari passu with all present and future unsecured general obligations of such issuer, Fitch said.

The ratings reflect the group’s seasoned management team, improving funding profile, consistent operating performance, good asset quality and adequate capitalization and liquidity, the agency said.

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