NEW YORK (Standard&Poor's) Feb. 7, 2014--Standard&Poor's Ratings Services today said that Ally Financial Inc.'s (Ally, formerly GMAC; BB/Stable/B) fourth-quarter results were consistent with our expectations. Ally completed a number of strategic actions in the quarter, including resolving its legacy mortgage claims, raising additional common equity, repurchasing the government's preferred securities, and receiving a non-objection to its Comprehensive Capital Analysis and Review (CCAR) plan. These events drove our two-notch upgrade in December 2013, and have significantly transitioned the company toward becoming a monoline bank in the U.S. auto finance sector. After our rating action, the company was also granted financial holding company status, reached a settlement with the Consumer Financial Protection Bureau (CFPB) and the Department of
