NEW YORK (Standard&Poor's) Sept. 26, 2007—Standard&Poor's Ratings Services said today that the ratings on GMAC LLC (BB+/Negative/--) and its subsidiary, Residential Capital LLC (BBB-/Negative/A-3), will not be affected by the ratings on General Motors being placed on CreditWatch with positive implications. The negative outlook on GMAC reflects our concerns of ratings pressures from GM and from Residential Capital LLC's operating performance. Although the agreement between GM and the UAW may ultimately alleviate some pressure on GMAC from GM, Residential Capital LLC's performance could still result in ratings pressures at GMAC. The recent turmoil in the credit markets has added to the concerns surrounding Residential Capital LLC and, as such, GMAC's outlook remains negative. The ratings differential
