Moody’s upgrades U.S. automakers, suppliers

Nov 01, 2011 | 09:43 AM | Corinna Petry

Tags  General Motors, Ford Motor, Daimler, American Axle & Manufacturing, Faurecia, Moody's Investors Service, credit ratings, corinna petry

CHICAGO — Moody’s Investors Service has raised ratings on two U.S. automakers, and set ratings for a German automaker and two Tier I suppliers.

Moody’s raised General Motors Co.’s corporate family rating and probability of default rating to Ba1 from Ba2, and its secured credit facility rating to Baa2 from Baa3.....

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