NEW YORK (Standard&Poor's) Dec. 10, 2013--Standard&Poor's Ratings Services today said that its ratings and outlook on General Motors Co. (GM; BB+/Positive/--) are not affected by the U.S. Treasury's announcement that it has completed the sale of its equity stake in GM. We believe the sale clarifies GM's ownership structure and will likely improve consumers' perception of GM. The move also removes government-pay restrictions for executives and allows GM to pay dividends on its common stock. On balance, we consider the completion of the sale to be a positive but not sufficient to affect our ratings or outlook. We will remove our government-related entity designation on GM as a result of the sale, but this designation had
