Moody's ups AmeriCredit view to positive

Moody's Investors Service said it affirmed AmeriCredit Corp.'s senior unsecured debt rating at B1 and changed the outlook to positive from stable.

The agency said the change in outlook reflects AmeriCredit's sustained improvement in asset quality, leverage, profitability and liquidity and adherence to its disciplined growth strategy since the last rating action in September 2004, when its outlook changed to stable from negative.

Moody's added the ratings continue to be constrained by AmeriCredit's monoline sub-prime focus which exacerbates its vulnerability to adverse economic developments.

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