NEW YORK (Standard&Poor's) Jan. 21, 2011--Standard&Poor's Ratings Services said today that it raised its rating on the preferred stock of Ally Financial Inc. (Ally; B/Stable/C) to 'CC' from 'C'. Ally (formerly GMAC Inc.) improved its liquidity position and alleviated some funding pressure at its holding company in recent months, making it easier to meet obligations on its preferred stock. Nevertheless, the company faces significant debt maturities at its holding company in 2011 and 2012, which is reflected in the 'CC' rating. Ally has added liquidity at its holding company, through both demonstrated access to the public debt markets and the amortization of receivables. Ally issued more than $8 billion in long-term unsecured debt in 2010. Also,
