NEW YORK (Standard&Poor's) Nov. 4, 2014--Standard&Poor's Ratings Services today assigned Detroit, Mich.-based automaker General Motors Co.'s proposed issuance of $500 million notes due 2025, $750 million notes due 2035, and $1.25 billion notes due 2045 its 'BBB-' issue-level ratings. We expect the company to use the proceeds toward the redemption of all of its outstanding shares on its series A preferred stock (base liquidation amount of approximately $3.9 billion plus accrued and unpaid dividends). The company's credit measures are strong, and we believe they provide cushion for anticipated cash outflows and profitability declines in a period of stress. In our view, GM is appropriately positioned to manage the risks associated with the high-profile ignition switch recall
