NEW YORK (Standard&Poor's) Dec. 11, 2008—Standard&Poor's Ratings Services said today that its ratings on GMAC LLC (CC/Watch Neg/C) and its 100% owned subsidiary, Residential Capital LLC (CC/Watch Neg/C) are not affected by GMAC's announcement that it extended the early delivery time with respect to separate private exchange offers and cash tender offers to purchase and/or exchange certain of its and its subsidiaries' and Residential Capital LLC's outstanding notes to provide investors with a final opportunity to consider the GMAC and Residential Capital LLC offers. The extension was accompanied by GMAC's disclosure that, based on results of the offers to date, GMAC would not obtain sufficient regulatory capital to meet requirements set by the Federal Reserve (Fed)
