Fitch Withdraws IDRs on Debt Ratings of General Motors
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Fitch Ratings has withdrawn the Issuer Default Ratings (IDRs) and outstanding debt ratings on General Motors Corporation (OTC: GMGMQ) and General Motors of Canada Ltd. as follows:
GM: Long-term IDR 'D'; Senior secured 'CCC/RR1'; and Senior unsecured 'C/RR6'.
General Motors of Canada Ltd.: Long-term IDR 'D'; and Senior unsecured 'C/RR6'.
Ratings may be withdrawn after 30 days have elapsed after a default. Fitch downgraded GM's IDR to 'D' on June 1, 2009 after the company filed for Chapter 11 bankruptcy. [SM]
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