On Air Now

Listen

Listen Live Now » 106.1 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
46° Feels Like: 44°
Wind: WSW 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 63°

Tonight

Clear 46°

Tomorrow

Sunny 74°

Alerts

General Motors credit line given investment-grade rating

by

DETROIT (WKZO) -- General Motors new eleven-billion dollar credit line is being rated as investment-grade by Fitch Ratings.  Fitch said an upgrade for the automaker's corporate rating could be considered in the future if the company's margins "rise to the level of its strongest competitors."  In addition to Fitch, Standard & Poors Rating Service gave the line of credit a BBB rating, and Moody's Investors Service gave it a Baa2 rating, all considered investment-grade.

Comments