Ford, GM ratings affirmed by Fitch

Newswire

NEW YORK, Oct 31 (Reuters) - General Motors Corp.'s and Ford Motor Co.'s credit ratings were affirmed on Thursday by Fitch Ratings, following downgrades of the world's top two automakers earlier this month by Standard & Poor's. Fitch rates the senior unsecured debt of GM and its General Motors Acceptance Corp. finance arm "A-minus," its fourth lowest investment grade, and their short-term debt "F2," its second lowest. It rates the senior unsecured debt of Ford and its Ford Motor Credit ...

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