Fitch Ratings affirmed General Motors Financial Co. Inc.'s long-term issuer default rating at BBB, with a stable outlook.
Also affirmed was the short-term issuer default rating at F2.
Fitch said the action reflects strong financial and operational linkages between General Motors Financial and parent General Motors Co., as well as General Motors Financial's seasoned management team, improving funding profile, consistent operating performance, strengthening asset quality and strong liquidity.
The stable outlook reflects Fitch's expectation that the company will remain a core subsidiary of the automobile company, and will pursue growth while diversifying its funding profile and maintaining solid asset quality with commensurate leverage.
