GMAC $6.0 BILLION MEDIUM TERM NOTE SHELF RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
GMAC $6.0 BILLION MEDIUM TERM NOTE SHELF RATED 'A+' BY FITCH
-- FITCH FINANCIAL WIRE --
NEW YORK, Feb. 21 /PRNewswire/ -- General Motors Acceptance Corp.'s (GMAC) $6 billion medium term note shelf registration is rated 'A+' by Fitch. Despite pressures in its parent's operations, GMAC continues to post strong and consistent earnings of more than $1 billion annually. The company enjoys strong capitalization, a liquid asset mix, and solid business position.
/CONTACT: Nancy E. Stroker, 212-908-0533 or Valerie Gerard, 212-908-0500, both of Fitch/
(GM) CO: General Motors Acceptance Corp. ST: Michigan IN: AUT FIN SU: RTG SM -- NY050 -- 1454 02/21/92 14:49 EST