Getting your player ready...
General Motors Co. was given the same credit rating by Moody’s Investors Service as Ford Motor Co., citing the largest U.S. automaker’s low costs and position in the global vehicle market.
GM was rated Ba2, the second level below investment grade, with a stable outlook, New York-based Moody’s said Monday in a statement. The firm rates an anticipated GM secured credit facility as Baa3, the lowest investment- grade level. GM hasn’t disclosed the facility’s terms.
