General Motors Company: Rating Report
On June 22, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Revolving Credit Facility rating of General Motors Company (GM or the Company) at BBB (high). Concurrently, DBRS Morningstar also confirmed the Long-Term Issuer Rating and the Long-Term Senior Debt rating of General Motors Financial Company, Inc. (GM Financial) at BBB (high) and GM Financial’s Short-Term Issuer Rating and Short-Term Instruments rating at R-2 (high). Additionally, DBRS Morningstar confirmed the rating of the Senior Unsecured Notes issued by General Motors Financial of Canada, Ltd. at BBB (high). The trends on all ratings remain Stable.General Motors designs, builds and sells trucks, crossovers, cars and automobile parts. The company also provides automotive financing services through its subsidiary, General Motors Financial Company, Inc. (GM Financial). GM Financial provides retail loan and lease lending across the credit spectrum. GM Financial provides commercial lending products to dealers including new and used vehicle inventory floorplan financing and dealer loans, which are loans to finance improvements to dealership facilities, to provide working capital, and to purchase and/or finance dealership real estate. Other commercial lending products include financing for parts and accessories, dealer fleets and storage centers.
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