Explicit government support, in the form of majority shareholding. Large automotive-finance platform benefiting from expertise in auto finance and exclusivity with GM and Chrysler. High concentration on GM products in auto financing. Wholesale funding profile. Standard&Poor's Ratings Services' ratings on Ally Financial Inc. (Ally) (formerly GMAC Inc.) reflect the support the U.S. government provided to the company in the form of common equity and various types of hybrid instruments allowing, in our opinion, for the survival of the company through the credit crisis. Additionally, Ally maintains a sizeable auto lending platform build on its historic relationship with auto manufacturer General Motors (GM). Also considered in our ratings are the considerable challenges facing the company, as it transitions away
