GM Finally Gets Some Credit
Last week, Moody's Investors Service surprised some observers by raising General Motors' corporate rating to Baa3, the lowest tier that is considered to be "investment grade." Not long after the announcement, GM said that it would issue its first unsecured bonds since emerging from bankruptcy -- part of a debt-restructuring move that will save GM millions in interest payments every year.
The upgrade is a big seal of approval for GM's current management team. But what does it mean for investors? In this video, Fool contributor John Rosevear explains how the upgrade will likely affect GM's financial position -- and what it could mean for GM shareholders over time.
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The article GM Finally Gets Some Credit originally appeared on Fool.com.Fool contributor John Rosevear owns shares of General Motors. You can connect with him on Twitter at@jrosevear. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.