Bulletin: GMAC LLC's Increased Support To Residential Capital LLC Does Not Affect Ratings On Either - S&P Global Ratings’ Credit Research

Bulletin: GMAC LLC's Increased Support To Residential Capital LLC Does Not Affect Ratings On Either

Bulletin: GMAC LLC's Increased Support To Residential Capital LLC Does Not Affect Ratings On Either - S&P Global Ratings’ Credit Research
Bulletin: GMAC LLC's Increased Support To Residential Capital LLC Does Not Affect Ratings On Either
Published Apr 07, 2009
420 words — Published Apr 07, 2009
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Abstract:

NEW YORK (Standard&Poor's) April 7, 2009--Standard&Poor's Ratings Services said today that its ratings on GMAC LLC (CCC/Negative/C) and Residential Capital LLC (CCC/Negative/C) are not affected by GMAC LLC's announcement of additional support to Residential Capital LLC. Residential Capital LLC announced in an 8-k filing that a subsidiary agreed to sell to GMAC LLC its interests in Residential Funding Securities LLC (an SEC-registered broker-dealer) and the outstanding share capital of RFC Investments Ltd. (RFC). RFC owns the outstanding share capital of RFSC International Ltd., a broker-dealer registered with the Financial Services Authority in the U.K. The aggregate consideration for these transactions is about $61 million. The transactions are further examples of GMAC LLC's support for Residential Capital

  
Brief Excerpt:

RESEARCH Bulletin: GMAC LLC's Increased Support To Residential Capital LLC Does Not Affect Ratings On Either Publication date: 07-Apr-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
GICS
Consumer Finance (40202010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: GMAC LLC's Increased Support To Residential Capital LLC Does Not Affect Ratings On Either" Apr 07, 2009. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-GMAC-LLC-s-Increased-Support-To-Residential-Capital-LLC-Does-Not-Affect-Ratings-On-Either-714340>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: GMAC LLC's Increased Support To Residential Capital LLC Does Not Affect Ratings On Either Apr 07, 2009. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-GMAC-LLC-s-Increased-Support-To-Residential-Capital-LLC-Does-Not-Affect-Ratings-On-Either-714340>
  
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