GMAC Inc., Residential Capital LLC Upgraded To 'B' From 'CCC'; Outlook Stable - S&P Global Ratings’ Credit Research

GMAC Inc., Residential Capital LLC Upgraded To 'B' From 'CCC'; Outlook Stable

GMAC Inc., Residential Capital LLC Upgraded To 'B' From 'CCC'; Outlook Stable - S&P Global Ratings’ Credit Research
GMAC Inc., Residential Capital LLC Upgraded To 'B' From 'CCC'; Outlook Stable
Published Jan 27, 2010
1440 words — Published Jan 27, 2010
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About This Report

  
Abstract:

We view the U.S. Treasury's investment of an additional $3.8 billion in new securities of GMAC and various other capital investment restructurings as positive. We are raising our ratings on both GMAC and Residential Capital LLC to 'B' from 'CCC'. GMAC and Residential Capital LLC continue to face credit risk, strategic decisions, and the prospect for weak earnings in a challenging environment. NEW YORK (Standard&Poor's) Jan. 27, 2010--Standard&Poor's Ratings Services said today that it raised its long-term counterparty credit rating on both GMAC Inc. and Residential Capital LLC to 'B' from 'CCC'. The 'C' short-term ratings and the 'C' preferred securities ratings are affirmed. We are also affirming the recovery ratings on senior secured debt at

  
Brief Excerpt:

RESEARCH GMAC Inc., Residential Capital LLC Upgraded To 'B' From '###'; Outlook Stable Publication date: 27-Jan-2010 Primary Credit Analyst: John K Bartko, New York (1) 212-438-7368; john_bartko@standardandpoors.com Secondary Credit...

  
Report Type:

Ratings Action

Ticker
GM1
Issuer
Ally Financial Inc.
GICS
Consumer Finance (40202010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "GMAC Inc., Residential Capital LLC Upgraded To 'B' From 'CCC'; Outlook Stable" Jan 27, 2010. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/GMAC-Inc-Residential-Capital-LLC-Upgraded-To-B-From-CCC-Outlook-Stable-771442>
  
APA:
S&P Global Ratings’ Credit Research. (). GMAC Inc., Residential Capital LLC Upgraded To 'B' From 'CCC'; Outlook Stable Jan 27, 2010. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/GMAC-Inc-Residential-Capital-LLC-Upgraded-To-B-From-CCC-Outlook-Stable-771442>
  
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