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GM's Credit Rating Upped to Investment Grade by Standard & Poor's

General Motors had its corporate debt raised to investment grade by Standard & Poor's, the first time it's had such a rating in nine years.

General Motors had its corporate debt raised to investment grade by Standard & Poor's, the first time it's had such a rating in nine years. In a statement, S&P said it believes GM will likely sustain its improving track record of profitability in North America, achieve its mid-decade profitability target in Europe, and maintain its strong market share in China. It said the upgrade also reflects its expectation that GM's credit measures should remain strong. While S&P said GM's high-profile recalls so far this year remain a negative factor, it expects ongoing cash outflows associated with the recalls to be manageable in context of the company's strong liquidity.

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