NEW YORK (Standard&Poor's) June 5, 2008—Standard&Poor's Ratings Services said today that GMAC LLC's (B/Negative/C) implementation of its refinancing plan will not affect the ratings on the company. GMAC LLC and its wholly owned subsidiary executed a comprehensive series of transactions, which include extending bank facilities, increasing the amount of available funding, and enhancing liquidity positions. Residential Capital LLC extended unsecured debt maturities through a debt exchange, renewed certain funding lines, and obtained liquidity support from GMAC LLC. (See " Residential Capital LLC Rating Lowered To ?SD? From ?CC?; Removed From CreditWatch Negative ," published June 4, 2008, on RatingsDirect.) The refinancing includes the refinancing of debt and new facilities, including both loan facilities and bond issues;
