real-time news and commentary for investors
Monday, Sep 23
Moody's: Welcome back to investment grade GM
- Moody's lifts its rating on debt of General Motors (GM +0.1%) to investment grade shortly after the automaker's announcement it will buy back preferred stock from a union health care fund and news from last week that the Treasury Department is exiting its position in GM slightly faster than anticipated.
- The ratings agency has GM's corporate debt slotted at Baa3, up from Ba1.