NEW YORK (Standard&Poor's) Feb. 4, 2010--Standard&Poor's Ratings Services said today that its ratings on GMAC Inc. and Residential Capital LLC (both B/Stable/C) are not affected by consolidated quarterly results that were within our expectations. GMAC reported a pretax loss from continuing operations of $4.5 billion versus a loss of $900 million last quarter. In addition, after-tax losses of $1.1 billion and $200 million were recorded during the fourth and third quarters, respectively, from discontinued operations. Results included sizable charges totaling $4.7 billion (pretax) as GMAC continues to deal with costs associated with legacy mortgage assets, and repositions its operations. The mortgage business was again mainly responsible for the quarterly loss as asset marks of $2.6 billion
