TEXT-S&P: GM' 4Q earnings do not affect rating


(The following statement was released by the rating agency.) Feb 24 - Standard & Poor's Ratings Services said today that it views General Motors Co .'s (BB-/Positive/--) fourth-quarter earnings, announced today, as consistent with our rating and outlook on the company. The automaker announced a consolidated pretax profit of $1.6 billion for the fourth quarter, versus a loss in the fourth quarter of 2009. Operating results benefited in 2010 from significant improvements in profitability ...

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