S&P bumps up its credit rating on General Motors (GM +1.3%) by two notches, latching on to...

|About: General Motors Company (GM)|By:, SA News Editor

S&P bumps up its credit rating on General Motors (GM +1.3%) by two notches, latching on to the newly ratified contract with the UAW as a driver for profitability and raising its outllook. "GM has a two-year track record of profits and cash flow generation in its global automotive operations, supported by strong performance in North America," notes the ratings agency.