bankrupt

[Tom]

explain this




Fitch upgrades GM's issuer default rating to BB+

Fitch Ratings said Friday it has boosted General Motors Co.'s
issuer default rating from BB to BB+, which is just below investment
grade status.

The ratings company said GM has a stable outlook and it also
affirmed General Motors Financial Co. Inc.'s rating of BB.

Fitch Ratings said the upgrade comes as GM continues to generate
positive free cash flow, has strong liquidity, reduced pension
obligations and improved products.

[Jim_Higgins]

Post by Tom
explain this
Fitch upgrades GM's issuer default rating to BB+
Fitch Ratings said Friday it has boosted General Motors Co.'s
issuer default rating from BB to BB+, which is just below investment
grade status.
The ratings company said GM has a stable outlook and it also
affirmed General Motors Financial Co. Inc.'s rating of BB.
Fitch Ratings said the upgrade comes as GM continues to generate
positive free cash flow, has strong liquidity, reduced pension
obligations and improved products.

And their market share shrinks.