Press Release: General Motors Group of Companies

Press Release: General Motors Group of Companies
Date of Release: 			Sep 21, 2001
Confirms at A and R-1 (low)

David Schroeder, Kam Hon / 416-593-5577 ext.2232, ext.2243 / e-mail:
dschroeder@dbrs.com

General Motors Corporation
Rating		Trend		Rating Action		Debt Rated
"A"		Stable		Confirmed		Long Term Debt
R-1 (low)	Stable		Confirmed		Commercial Paper

General Motors Acceptance Corporation of Canada
(guaranteed by General Motors Acceptance Corporation)

Rating		Trend		Rating Action		Debt Rated
"A"		Stable		Confirmed		Notes and
Debentures
R-1 (low)	Stable		Confirmed		Commercial Paper

General Motors Acceptance Corporation

Rating		Trend		Rating Action		Debt Rated
"A"		Stable		Confirmed		Corporate Rating


General Motors of Canada Limited

Rating		Trend		Rating Action		Debt Rated
"A"		Stable		Confirmed		Long Term Debt
R-1 (low)	Stable		Confirmed		Commercial Paper

The above ratings on the General Motors group of companies are confirmed
as indicated. General Motors Corporation ("GM" or "the Company")
announced today that GM and its alliance partners have entered into a
memorandum of understanding to acquire a 67% stake in a new company that
would own and operate selected domestic and foreign assets and
businesses of the Daewoo Automotive business for US$400 million. The
price, which is in line with expectations, will not materially impact
GM's financial health and is the only cash commitment GM has made to the
endeavour. Notwithstanding this confirmation, there continue to be
concerns related to the weakening economy, which DBRS will assess as
there is more clarity on the long term expectations.
Dominion Bond Rating Service Limited (DBRS) will publish a full report
shortly that will provide additional analytical detail on this rating
action. If you are interested in purchasing this report, please contact
us at: info@dbrs.com.

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