NEW YORK (Standard&Poor's) Feb. 2, 2012--Standard&Poor's Ratings Services today said its ratings on Ally Financial Inc. (formerly GMAC; B+/Stable/C) are not immediately affected by the consolidated company's fourth-quarter earnings. Ally reported a $250 million loss in the quarter as it accrued a $270 million charge for foreclosure-related penalties it expects to pay. Its mortgage subsidiary, Residential Capital LLC (ResCap; CCC/Watch Neg/C), absorbed most of that charge, temporarily causing it to violate certain debt covenants. Ally supported the unit with additional equity during the quarter to bring it into covenant compliance. However, Ally has not said whether it will continue to support the troubled ResCap, which has substantial debt maturities approaching. As a result, the rating on
