UPDATE 1-Fitch raises GMAC rating to "BB-plus"

Newswire

(Adds details, bond price) NEW YORK, Nov 30 (Reuters) - Fitch Ratings on Thursday raised its ratings on General Motors Acceptance Corp., the finance unit of General Motors Corp. , citing the completion of the sale of a controlling stake in the unit. General Motors said on Thursday it completed the sale of a 51-percent stake in its General Motors Acceptance Corp. finance arm to a consortium of investors led by Cerberus FIM Investors, LLC. GM expects the deal, which it announced earlier ...

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