General Motors Company (NYSE: GM) may soon get to be an ‘investment grade’ company on its credit ratings.
Moody’s Investors Service on Tuesday left unchanged its Ba1 credit rating on General Motors Co.(US:gm), adding the car company’s outlook remains positive.
“GM’s credit quality continues to improve and the company remains on track to regain an investment-grade credit rating over the course of the next 12 months,” Bruce Clark, Moody’s lead analyst for North America, said in a statement.
Moody’s expects that GM will leverage its improved cost structure as it brings new product introductions to market.
Another positive is that the company has a strong position in high-growth Asian markets such as China.
Ford Motor Co (F.N) received its second “investment grade” credit rating on Tuesday. Moody’s boosted Ford’s senior unsecured ratings two levels to Baa3 from Ba2 and raised its finance arm, Ford Motor Credit, to Baa3 from Ba1.