TEXT-S&P raises GM Financial rating to 'B+'

Newswire

(The following statement was released by the rating agency) -- We consider GM Financial to be a strategically important subsidiary of GM under our group criteria. -- We are removing GM Financial from CreditWatch Positive and raising the long-term counterparty credit rating to 'B+' from 'B'. -- We believe that GM Financial's role within GM will grow in importance during the next few years. March 30 - Standard & Poor's Ratings Services said today that it raised its long-term ...

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