- General Motors' (NYSE:GM) approval this week of a new $5B buyback plan will likely delay one of its important goals: achieving a top-tier credit rating that would benefit its growing auto finance division.
- GM Chief Executive Mary Barra on Monday declared that maintaining an investment-grade balance sheet was key, although Standard & Poor's and Moody's analysts say the carmaker's next upgrade could be delayed due to its new capital allocation plan.
- Previously: GM concerned about credit ratings (Feb. 13 2015)