S&P raises Credit Acceptance

Standard & Poor's said it raised its ratings on Credit Acceptance Corp., including lifting the long-term counterparty credit and senior secured debt ratings to BB from BB-.

The outlook is stable.

S&P said that its ratings on Credit Acceptance are driven by the firm's very strong earnings and leverage.

"The company's performance has been excellent in difficult economic circumstances and we believe management's differentiation strategy provides a buffer against competitive threats," said S&P credit analyst Jeff Zaun.

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