Moody's may up AmeriCredit

Moody's Investors Service said it placed AmeriCredit Corp.'s corporate family and senior unsecured debt ratings of B2 under review for possible upgrade.

The review follows news that General Motors will acquire AmeriCredit for about $3.5 billion in cash. The acquisition is expected to close by the end of the fourth quarter of 2010.

Moody's said it will evaluate potential changes to the company's stand-alone credit profile as a result of its ownership by GM, including the company's business strategy and financial policy, particularly its growth targets, business mix, funding strategy and capitalization.

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