General Motors Co.'s Proposed Senior Unsecured Green Bonds Rated 'BBB' - S&P Global Ratings’ Credit Research

General Motors Co.'s Proposed Senior Unsecured Green Bonds Rated 'BBB'

General Motors Co.'s Proposed Senior Unsecured Green Bonds Rated 'BBB' - S&P Global Ratings’ Credit Research
General Motors Co.'s Proposed Senior Unsecured Green Bonds Rated 'BBB'
Published Jul 28, 2022
3 pages (1364 words) — Published Jul 28, 2022
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Abstract:

NEW YORK (S&P Global Ratings) July 28, 2022--S&P Global Ratings today assigned its 'BBB' issue-level rating to General Motors Co.'s proposed senior unsecured notes. These notes will rank equally with all of the company's other unsecured and unsubordinated debt. GM plans to allocate the net proceeds from the notes for investments and expenditures related to the design, development, or manufacture of clean transportation technology, such as battery electric vehicles, fuel-cell technology, and charging solutions. We rate the company's senior unsecured debt at the same level as our long-term issuer credit rating, which reflects the low risk that the senior unsecured debtholders will be significantly disadvantaged relative to its other lenders. GM's second-quarter 2022 performance and reaffirmed guidance for the year

  
Brief Excerpt:

...- General Criteria: Environmental, Social, And Governance Principles In Credit Ratings, Oct. 10, 2021 - General Criteria: Group Rating Methodology, July 1, 2019 - General Criteria: Hybrid Capital: Methodology And Assumptions, July 1, 2019 - Criteria | Corporates | General: Corporate Methodology: Ratios And Adjustments, April 1, 2019 - Criteria | Corporates | General: Reflecting Subordination Risk In Corporate Issue Ratings, March 28, 2018 - General Criteria: Methodology For Linking Long-Term And Short-Term Ratings, April 7, 2017 - General Criteria: Guarantee Criteria, Oct. 21, 2016 - Criteria | Corporates | General: Methodology: The Impact Of Captive Finance Operations On Nonfinancial Corporate Issuers, Dec. 14, 2015 - Criteria | Corporates | General: Methodology And Assumptions: Liquidity Descriptors For Global...

  
Report Type:

Ratings Action

Issuer
General Motors Co.
GICS
Automobile Manufacturers (25102010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "General Motors Co.'s Proposed Senior Unsecured Green Bonds Rated 'BBB'" Jul 28, 2022. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/General-Motors-Co-s-Proposed-Senior-Unsecured-Green-Bonds-Rated-BBB-2872273>
  
APA:
S&P Global Ratings’ Credit Research. (). General Motors Co.'s Proposed Senior Unsecured Green Bonds Rated 'BBB' Jul 28, 2022. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/General-Motors-Co-s-Proposed-Senior-Unsecured-Green-Bonds-Rated-BBB-2872273>
  
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