NEW YORK (Standard&Poor's) Dec. 19, 2012--Standard&Poor's Ratings Services said today that the announcement by General Motors Co. (GM; BB+/Stable/--) that it will spend up to $5.5 billion to acquire 200 million of its common stock held by the U.S. Treasury (UST) has no impact on the ratings on GM. Under the agreement announced today, GM will use $5.5 billion, and the UST has committed to disposing of its remaining shares (representing about a 19% stake in GM) over the next 12 to 15 months. The UST is also relinquishing certain governance rights. We view the use of cash as well within GM's current liquidity--automotive cash, cash equivalents, and marketable securities, which totaled $31.9 billion as of
