TORONTO (Standard&Poor's) Nov. 6, 2013--Standard&Poor's Ratings Services today said that the third-quarter results announced by Ally Financial Inc. (Ally, formerly GMAC; B+/Watch Pos/C) were consistent with expectations, and reflected the company's ongoing transformation to a monoline player in the U.S. auto finance sector. Expected fourth-quarter developments have the potential to substantially complete Ally's current transformation, particularly in relation to settlement of claims on Ally relating to Residential Capital LLC (ResCap). Ally reported consistent financial performance for the quarter ended Sept. 30. Total revenue was down year-on-year, as a 46% increase in net financing revenue was offset by lower other revenue due to Ally's divestment of mortgage assets. The net financing revenue increase was due to consistent
