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General Motors credit line given investment-grade rating

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A General Motors dealership near Denver, Colo. Photo courtesy of the Associated Press.
A General Motors dealership near Denver, Colo. Photo courtesy of the Associated Press.

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.

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