Detroit passed another significant signpost of its recovery as Standard & Poor’s Ratings Services yesterday revised
General Motors Co. (GM)’s outlook to positive from stable and raised
Ford Motor Co. (F) to investment grade.
U.S. auto sales surged 17 percent last month and reached their highest level since May 2007. Detroit automakers, just four years after GM and Chrysler Group LLC went through bankruptcy, are now reaping profits not seen since the turn of the century.
GM and Ford’s strong performance in their home market helped drive S&P’s decision to take positive actions on both. GM’s outlook is a sign the ratings company will probably boost the largest U.S. automaker to investment grade by the end of 2014. S&P increased Ford to BBB-, the last major ratings company to rate the carmaker investment grade.
http://www.bloomberg.com/news/2013-09-06/gm-credit-outlook-revised-to-positive-by-s-p-ford-raised.html
Форум 
