...May 16, 2019 NEW YORK (S&P Global Ratings) May 16, 2019--S&P Global Ratings today assigned its '##+' senior unsecured debt rating on Ally Financial Inc.'s proposed issuance of senior notes due 2024. Ally intends to use the net proceeds from this offering for general corporate purposes. Our ratings on Ally reflect its status as a bank holding company and its strong capital adequacy. These strengths are partially offset by a loan portfolio that is largely concentrated in auto finance, which makes it more vulnerable to a downturn in auto sales or credit performance than more diversified financial institutions. Ally has access to central bank funding through its Ally Bank subsidiary and is subject to a high degree of prudential regulation that we view as supportive of creditworthiness. But, it has a high proportion of nondeposit funding relative to most traditional banks. Our risk-adjusted capital ratio for Ally was 10.2% as of Dec. 31, 2018, although our measure of capital includes $2.6 billion...
