NEW YORK (Standard&Poor's) May 1, 2009--Standard&Poor's Ratings Services said today that its ratings on GMAC LLC (GMAC; CCC/Negative/C) would not be affected by the company's announcement that it has entered into an agreement with Chrysler Financial Services Americas LLC (Chrysler) to provide future automotive financing products and services to Chrysler dealers and customers. Under the agreement, GMAC will be the preferred provider of new wholesale financing for Chrysler dealer inventory and has a four-year agreement for incentivized retail financing with limited exclusivity. In addition, the government has announced that it intends to support GMAC in this agreement by making liquidity available to GMAC and by providing the capitalization GMAC requires to support the Chrysler business. However,
