http://www.bloomberg.com/news/2011-09-29/s-p-raises-credit-rating-on-general-motors-to-bb-highest-junk-rating.html

By David Welch; Bloomberg ~ Sep 29, 2011

 General Motors Co. (GM)’s corporate credit rating was raised two levels to BB+, the highest non- investment grade, from BB- by Standard & Poor’s Ratings Services, which cited the company’s new four-year U.S. labor accord. S&P may also raise Ford Motor Co. (F)’s debt ratings.