NEW YORK (Standard&Poor's) May 5, 2009--Standard&Poor's Ratings Services said today that its ratings on GMAC LLC and Residential Capital LLC (both CCC/Negative/C) are not affected by today's release of consolidated quarterly results. GMAC reported a consolidated loss of $675 million versus a consolidated loss of $1.3 billion last quarter. These results included quarterly losses from Residential Capital LLC of $125 million and $981 million, respectively. We believe GMAC and Residential Capital LLC continue to face significant operating challenges and we expect continued poor quarterly performance. The fate of GM could have funding and business implications for GMAC's auto business. We believe housing prices will continue to fall in many markets, pressuring Residential Capital LLC. We will
