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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