Fitch raises AmeriCredit senior debt rating to BB-


NEW YORK, Sept 27 (Reuters) - Fitch Ratings upgraded the senior unsecured debt rating of car finance company AmeriCredit Corp. to 'BB-' from 'B,' prompted by better operating results and liquidity position, it said on Monday. The higher rating is in the upper end of Fitch's speculative, or junk, scale. Fitch said its rating outlook for the company is stable. The rating upgrade affected $166 million of Americredit's outstanding debt, Fitch said. "The pace and magnitude of the ...

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