Standard & Poor’s Ratings Services gives GM a higher credit rating than Ford

Standard & Poor's Ratings Services assigned a BB- rating with a stable outlook to General Motors Co. This is higher than the credit rating it gave to Ford Motor Co., the only major US automaker that didn’t go into bankruptcy last year. The credit service had previously given Ford a B+ rating with a positive outlook. The rating of GM, which is 61%-owned by the federal government, is three levels below investment grade.
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dbtimes1 - 10/9/2010 12:28:55 PM

+3 Boost

Why not when you have the tax payers backing you up. :(

drpesq - 10/9/2010 5:43:03 PM

+3 Boost

Its S&P people!! What did you expect?? These are the rating agencies that put AA ratings on the credit swap bundles of junk subprimes so that our wonderful banks could use them like bluechips. A rating from S&P is meaningless...

PUGPROUD - 10/10/2010 8:03:40 AM

+1 Boost

The government hit the reset button for GM but Ford has all the product momentum and in the end is the much better investment. It is all about leadership and GM has little at the top...it still cannot get out of its own way and shed its old, stagnant culture.