Detroit, Mich.-based automaker General Motors Co.'s (GM) global operating performance continues to support favorable automotive cash flow and profitability, and we believe that the company's credit measures will remain strong over the next year or so, even after recall-related costs. We believe prospects for diversifying profits are improving as a result of restructuring actions and improved sales in Europe, which we expect will support eventual profitability in the region, along with already healthy and growing profits in China. General Motors Financial Co. Inc. (GM Financial) has progressed considerably on its path toward becoming a full-spectrum, worldwide provider of financing for GM. We are raising our ratings on GM, including the corporate credit rating to 'BBB-' from 'BB+', and revising the
