Ally Financial Inc.

Significant deposit funding and prudential regulatory oversight Strong capital adequacy Good asset performance Originations historically concentrated with two manufacturers Loan portfolio concentrated in a single line of business, auto lending The positive outlook on Ally Financial Inc. reflects the company's progress diversifying its automotive finance origination channels, good asset performance, growing deposit base, and strong capital adequacy. Standard&Poor's Ratings Services could raise its long-term issuer credit rating on Ally if, over the next 12 months, the company maintains a Standard&Poor's risk-adjusted capital (RAC) ratio above 10.0%, continues to improve profitability, and maintains its good asset performance, while diversifying its origination channels. If we raise our long-term issuer credit rating to 'BBB-', we would also raise our

...The positive outlook on Ally Financial Inc. reflects the company's progress diversifying its automotive finance origination channels, good asset performance, growing deposit base, and strong capital adequacy. Standard & Poor's Ratings Services could raise its long-term issuer credit rating on Ally if, over the next 12 months, the company maintains a Standard & Poor's risk-adjusted capital (RAC) ratio above 10.0%, continues to improve profitability, and maintains its good asset performance, while diversifying its origination channels. If we raise our long-term issuer credit rating to '###-', we would also raise our short-term issuer credit rating to 'A-3'. We likely would revise our outlook to stable if we expected capital management actions to reduce Ally's RAC ratio below 10.0%. While less likely, we could lower our ratings on the company if asset performance deteriorates because of relaxed lending standards and if capital adequacy weakens significantly....

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