Moody’s: GM on track to investment-grade rating

May 23, 2012
Moody’s: GM on track to investment-grade rating
By MELISSA BURDEN / The Detroit News
Moody’s Investors Service Tuesday reaffirmed General Motors Co.’s Ba1 rating and expects the automaker to reach investment-grade rating within 12 months.

“GM’s credit quality continues to improve and the company remains on track to regain an investment-grade credit rating over the course of the next 12 months,” Bruce Clark, Moody’s lead analyst for North America, said in a statement.

GM spokesman Jim Cain said the automaker is pleased with Moody’s recognizing its progress.

“All is happy if and when that would happen, but I don’t have a crystal ball on it,” GM North America President Mark Reuss said Tuesday of Moody’s predictions. “We’re just keeping our head down on it, we’re having a good month. We’re getting ready to launch an arsenal of products.”

Share
Seniority Lists
Recent Posts!
Bargaining Committee

Chairman
Mike Herron
President
Tim Stannard
Zone at Large – 1st
Danny Taylor
Zone at Large – 2nd
Mark Wilkerson
Committeepersons
Joe McClure
Chad Poynor
Steve Roberts
Derek Lewis
Bill Cundiff
Kirk Zebbs
Don Numinen
Jay Minella
Danny Bragg
Chris Hill
Rashad Thomas
Keith Oswald
Chris Brown

1853 Officers

President
Tim Stannard
Chairman
Mike Herron
Vice President
Darrell DeJean
Financial Secretary
Mark Wunderlin
Recording Secretary
Peggy Mullins
Trustee (3)
Jay Lowe
Dave Clements
Dave Spare
Sgt. at Arms
David C Spare
Guide
Ashley Holloway
E-Board at Large (2)
David Ryder
Steve Roberts
GM Unit Chair
Mike Herron
Leadec Unit Chair
Larry Poole
Ryder Unit Chair
Patrick Linck
AFV Unit Chair
Neil Osborne
Retiree Chair
Mike Martinez

Get Text Alerts



asdasdsd

*Standard text messaging rates may apply from your carrier