"Fitch's news today confirms that we are delivering on our commitment to generate strong operating results and implement our customer-focused strategy," CEO Mary Barra said. "But, as much as we like this recognition, we are focused on achieving even stronger performance and enhancing long-term shareholder value in the years to come."
With this upgrade, the corporate credit ratings for GM are now "investment grade" with all major rating agencies, according to the company statement.
General Motors designs, builds, and sells cars, crossovers, truck and automobile parts worldwide.
Separately, TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, impressive record of earnings per share growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: