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Fitch: General Motors' Legal Settlements Remove Uncertainty

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NEW YORK--(BUSINESS WIRE)--General Motors Company (GM) announced on Thursday several legal settlements that Fitch Ratings believes is a positive development since it removes a significant amount of uncertainty stemming from last year's ignition switch recalls. The settlements do not affect GM's current ratings or outlook. Fitch currently has GM's long-term Issuer Default Rating (IDR) at 'BBB-'. The Rating Outlook is Stable. Most notably, GM and the U.S. Department of Justice (DOJ) announced a t

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