GM's increasing fiscal strength earns better investment rating

[Gorehamj]

John Goreham
Contributing Writer, GM-Trucks.com
6/19/2015

Today the financial world is reporting that General Motors and GM Financial Services have been upgraded to BB by Fitch, a ratings company. We won't pretend to understand this topic deeply, but the financial news is reporting that this is a good thing for GM. You can read more at 247WallSt.

 

General Motors was a financial basket case just five years ago. Much has changed since then. Regardless of one's opinions on the sweetheart deal GM got in 2009, the restructuring put an American icon and massive employer and contributor to the economy in a position to succeed, and it has. At least in trucks and specialty cars. Relieved of its debt, allowed to carry loses forward to offset future profits, able to legally shed a bloated dealer network, and given the excuse it needed to bury a few brands that were basically selling duplicates of Chevy and Buick cars, GM now has the products, quality, and fanbase to continue on successfully.