Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Ally Financial Inc.

Bulletin: GMAC LLC, Residential Capital Ratings Unaffected By Federal Reserve's Program Results

Published May 08, 2009

443 words — Published May 08, 2009

Price Free | Buy this Report Now

About This Report

Abstract:

NEW YORK (Standard&Poor's) May 8, 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 the U.S. Federal Reserve's announcement that GMAC would need to raise $11.5 billion of additional capital in the coming months. We do not believe the company will be able to raise the equity in the public markets, but GMAC has other methods to solve its capital shortfall under the Supervisory Capital Assessment Program. The U.S. government said it could provide additional funding to the company following its agreement to become the preferred provider of new wholesale funding for Chrysler dealer inventory. Although it remains to be seen what form or

Brief Excerpt:

RESEARCH Bulletin: GMAC LLC, Residential Capital Ratings Unaffected By Federal Reserve's Program Results Publication date: 08-May-2009 Primary Credit Analyst: John K Bartko, C.P.A., New York (1) 212-438-7368; john_bartko@standardandpoors.com...

Report Type:

Bulletin

Ticker

GM1

Issuer

Ally Financial Inc.

GICS

Consumer Finance (40202010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

HTML

GMAC LLC And Residential Capital LLC Outlooks Revised To Developing From Negative; Ratings Affirmed – 2009/05/26 – US$ 150.00

Research Update: GMAC LLC And Residential Capital LLC Outlooks Revised To Developing; 'CCC/C' Ratings Affirmed – 2009/05/26 – US$ 225.00

Bulletin: GMAC LLC Rating Unaffected By General Motors' Bankruptcy Filing – 2009/06/01 – Free

GMAC Inc. – 2009/07/22 – US$ 500.00

Summary: GMAC Inc. – 2009/07/22 – US$ 225.00

Bulletin: GMAC LLC And Residential Capital LLC Ratings Unaffected By Quarterly Results – 2009/05/05 – Free

Bulletin: GMAC LLC Ratings Unaffected By Financing Agreement With Chrysler – 2009/05/01 – Free

Bulletin: GMAC LLC's Increased Support To Residential Capital LLC Does Not Affect Ratings On Either – 2009/04/07 – Free

GMAC LLC Senior Unsecured Debt Rating Raised To 'CCC' – 2009/02/05 – US$ 150.00

Research Update: GMAC LLC Senior Unsecured Debt Upgraded To 'CCC' – 2009/02/05 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: GMAC LLC, Residential Capital Ratings Unaffected By Federal Reserve's Program Results" May 08, 2009. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-GMAC-LLC-Residential-Capital-Ratings-Unaffected-By-Federal-Reserve-s-Program-Results-720822>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: GMAC LLC, Residential Capital Ratings Unaffected By Federal Reserve's Program Results May 08, 2009. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-GMAC-LLC-Residential-Capital-Ratings-Unaffected-By-Federal-Reserve-s-Program-Results-720822>

Free

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.