| Title: | GMAC/ResCap: Board Bails, Ducking a Pre-Packaged Decision? (Excerpt) |
| Price: | $150.00 |
| Publication Date: | Apr 24, 2008 |
| Source: | CreditSights Inc |
| Report Type: | Article |
| Abstract: | GMAC and ResCap were hit with rating downgrades. Independent Board members' "silent resignation" could yield "silent but deadly" results for bondholders |
| Brief Excerpt: | GMAC/ResCap: Board Bails, Ducking a Pre-Packaged Decision? (Excerpt) GMAC was downgraded to B#/B (from B#/B+) by Moody's and S&P, largely driven by ResCap, which received two-notch downgrades from both agencies to Caa#/CCC+ (from B#/B).... |
| Word Count: | 1140 |
| Report Type: | Article |
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