TEXT-Fitch affirms GM's 'BB+' IDR after repurchase announcement

Newswire

Dec 19 - Fitch Ratings has affirmed the ratings of General Motors Company (GM) and its wholly owned subsidiary, General Motors Holdings LLC (GM Holdings), following this morning's announcement that GM will repurchase a portion of the common stock currently held by the U.S. Treasury (UST). The Issuer Default Ratings (IDR) for both GM and GM Holdings are 'BB+', and the Rating Outlook for both is Stable. A full ratings list follows at the end of this release. GM announced this morning that it ...

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