NEW YORK (Standard&Poor's) Oct. 17, 2014--Standard&Poor's Ratings Services today assigned its 'BBB-' issue-level rating to Detroit, Mich.-based automaker General Motors Co.'s (GM's) $12.5 billion revolving credit facilities. The facilities will consist of a $5.0 billion three-year credit facility and a $7.5 billion five-year credit facility. These facilities will replace the existing $11 billion credit facilities. GM will be one of the borrowers on the new facilities. GM Holdings LLC is no longer a guarantor or borrower. On Sept. 25, 2014, we lowered the rating on the previous revolving facilities to 'BBB-' from 'BBB', concurrent with our upgrade of GM to 'BBB-' from 'BB+', so that it was equal to the corporate credit rating. The upgrade of
