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NEW YORK, May 18 (Reuters) - General Motors Corp.'s (NYSE:GM - News) finance arm General Motors Acceptance Corp. on Tuesday raised its planned global note sale to $1.5 billion from $1 billion, joint lead manager Banc of America Securities said on Tuesday.
GMAC is expected to sell the notes at a yield of 1.90 percentage points more than Treasuries.

Citigroup Global Markets and J.P. Morgan are also managing the sale, expected to be priced later on Tuesday. GMAC is rated "BBB" by Standard & Poor's, its second-lowest investment grade rating, and "A3," roughly two notches higher, by Moody's Investors Service.

Source: Yahoo! News
 

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YEA SERIOUSLY WHAT THE HELL THEY TALKIN BOUT?? A3 AND BBB WHAT ARE THEY SAYIN GM IS GETTIN RID OF GMAC?? AND IF THEY ARE HOW ARE THEY GONNA COMPETE FORD AND THE REST OF THE CO.S WITH FINANCE AND LEASING
 
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