Credit Rating

GM credit raised to investment grade by Fitch

2:59 pm U.S. ET | June 18, 2015

General Motors said today that Fitch Ratings had raised the credit ratings of both GM and GM Financial to investment grade....
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New car, truck loans reach longest term on record

12:31 pm U.S. ET | June 1, 2015

The average length of loans for new and used vehicles in the U.S. in the first quarter hit record highs, and nearly 30 percent of new-vehicle loans have pay-back periods longer than six years, Experian Automotive says....
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NEWS ANALYSIS

GM capital plan may delay credit rating upgrade

4:11 pm U.S. ET | March 11, 2015

General Motors' decision this week to give back up to $10 billion to shareholders over the next two years will likely delay one of its important goals: achieving a top-tier credit rating that would benefit its growing auto finance unit....
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Europe car sales will rise up to 4% in 2015, Fitch says

Dec. 2, 2014 09:05 CET

European automakers' credit profiles will be helped by a modest global increase in vehicle sales, including growth in Europe of up to 4 percent next year, Fitch Ratings says....
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Renault gets boost from ratings agency

Nov. 12, 2014 11:47 CET

Renault's debt was raised to investment grade by Fitch Ratings, which said the carmaker's Dacia brand and its expanding sales outside Europe are improving profitability. The agency also increased Renault's credit rating by one level....
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EDITORIAL

Hard-won upgrades

12:01 am U.S. ET | Oct. 6, 2014

As a business, General Motors is arguably better situated and better run than it was back when it lost its investment-grade ratings. GM's bean counters can make a case for getting an extra rung or two on the credit ratings scale....
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GM says ratings upgrade will aid lending arm, support global sales push

12:34 am U.S. ET | Sept. 26, 2014

GM plans to leverage its return to investment grade, which could lower borrowing costs, by strengthening its lending arm, CFO Chuck Stevens said. GM was forced to sell control of its former GMAC lending arm to raise money, and it now has a smaller, more strategic, finance unit that is getting stronger....
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GM debt bumped up to investment grade by S&P

4:54 pm U.S. ET | Sept. 25, 2014

General Motors' corporate debt was raised by Standard & Poor's to investment grade, another critical step in the automaker's long recovery from its 2009 bankruptcy and reorganization....
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JIM HENRY

BLOG: The case for casting a wider net with credit apps

12:01 am U.S. ET | Sept. 17, 2014

Auto lenders complain they hate it when dealership F&I managers send them credit applications outside their preferred range of credit scores....
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ZF says TRW takeover creates supplier ready for self-driving age

Sept. 16, 2014 14:19 CET

ZF wants to purchase TRW to create a global supplier ready for an age of self-driving cars. "The major motivation for this transaction is technology driven, in the field of electromobility and ... autonomous driving," ZF CEO Stefan Sommer said....
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