NEW YORK (Standard&Poor's) May 3, 2010--Standard&Poor's Ratings Services said today that its ratings on GMAC Inc. (GMAC) and Residential Capital LLC (both B/Stable/C) are not affected by strong consolidated quarterly earnings. GMAC reported pretax, quarterly income of $564 million, adjusted for discontinued operations and OID amortization expense associated with its past debt exchange. This compares to a loss of $482 million in the year-ago quarter. There were no sizable charges or outsize provisioning this quarter that plagued the company for seemingly every quarter for the past several years. Provisioning was down significantly from previous quarters as broader economic stability appears to be flowing through business operations. Each of GMAC's segments turned a profit including its mortgage
