GM targets investment grade rating ’within the year’

General Motors said it is targeting an investment grade credit rating “within the year” as the US automaker works to distance itself from the stigma of its 2009 bankruptcy.

GM disclosed the goal in slides posted online ahead of presentations by Chief Executive Dan Akerson and Chief Financial Officer Dan Ammann, who are meeting with analysts at the company’s test track in Milford, Michigan.

Ammann did not use the words in the slide and referred questions about when GM would achieve its goal to analysts for the rating agencies in the audience.

via Business feed http://www.scmp.com/business/companies/article/1259722/gm-targets-investment-grade-rating-within-year