UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported: (May 30, 1995)
GENERAL MOTORS ACCEPTANCE CORPORATION
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(Exact name of registrant as specified in its charter)
New York
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(State or other jurisdiction of incorporation or organization)
1-3754 38-0572512
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(Commission File No.) (I.R.S. Employer Identification No.)
767 Fifth Avenue, New York, New York 10153
3044 West Grand Boulevard, Detroit, Michigan 48202
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(Address of principal executive offices) (Zip Code)
313-556-1508
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
GMAC Credit Ratings Upgraded
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On May 30, 1995 Moody's Investors Service, Inc. (Moody's), raised the
credit ratings of the Company and its parent, General Motors
Corporation (GM) as well as certain related affiliates. The ratings
upgrades concluded a review which was initiated on March 17, 1995.
The Moody's rating of the Company's senior debt was upgraded from
Baa1 to A3, eighth and seventh highest among ten investment grade
ratings available, respectively. The A3 rating is assigned to bonds
considered to have "upper-medium grade" quality as they possess many
favorable investment attributes with security factors for principal
and interest considered to be adequate.
The Company's commercial paper was upgraded from Prime-2 to Prime-1,
the highest of three such ratings, reflecting superior ability for
repayment of senior short-term debt obligations and assured ability to
access alternative sources of liquidity. Additional repayment
characteristics of debt issues receiving this premium rating include
leading market position in a well established industry, high rates of
return on funds employed, and broad margins in earnings coverage of
fixed financial charges.
The Company is pleased with the upgraded ratings as it expects to
benefit from increased competitiveness resulting from enhanced
financial flexibility and lower borrowing costs.
At this date, the Company is not under review by any of the nationally
recognized statistical rating agencies. Additional disclosures
regarding credit ratings are provided on Pages 15 and 16 of the
Company's Annual Report on Form 10-K for the year ended December 31,
1994, filed with the Commission on March 14, 1995.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
the undersigned hereunto duly authorized.
GENERAL MOTORS ACCEPTANCE CORPORATION
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(Registrant)
Date June 5, 1995 By
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s/ John D. Finnegan
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(John D. Finnegan, Executive Vice President
and Chief Financial Officer)
