GMAC LLC And Residential Capital LLC Outlooks Revised To Developing From Negative; Ratings Affirmed - S&P Global Ratings’ Credit Research

GMAC LLC And Residential Capital LLC Outlooks Revised To Developing From Negative; Ratings Affirmed

GMAC LLC And Residential Capital LLC Outlooks Revised To Developing From Negative; Ratings Affirmed - S&P Global Ratings’ Credit Research
GMAC LLC And Residential Capital LLC Outlooks Revised To Developing From Negative; Ratings Affirmed
Published May 26, 2009
997 words — Published May 26, 2009
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About This Report

  
Abstract:

-- Government support for GMAC and Residential Capital LLC enhances their prospects as going concerns through the current crisis, but government support could be offset by ongoing fundamental weakness. -- We are affirming our ratings on GMAC and Residential Capital and revising the outlooks to developing. -- Possible negative rating pressure remains related to the Chrysler LLC bankruptcy, General Motors' potential bankruptcy, and general and sectoral economic considerations. NEW YORK (Standard&Poor's) May 26, 2009--Standard&Poor's Ratings Services said today that it affirmed its 'CCC/C' counterparty credit ratings on GMAC LLC and Residential Capital LLC, its mortgage subsidiary. The outlooks on the ratings for both GMAC LLC and Residential Capital LLC are revised to developing from negative. "Several

  
Brief Excerpt:

RESEARCH GMAC LLC And Residential Capital LLC Outlooks Revised To Developing From Negative; Ratings Affirmed Publication date: 26-May-2009 Primary Credit Analyst: John K Bartko, C.P.A., New York (1) 212-438-7368; john_bartko@standardandpoors.com...

  
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 LLC And Residential Capital LLC Outlooks Revised To Developing From Negative; Ratings Affirmed" May 26, 2009. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/GMAC-LLC-And-Residential-Capital-LLC-Outlooks-Revised-To-Developing-From-Negative-Ratings-Affirmed-723872>
  
APA:
S&P Global Ratings’ Credit Research. (). GMAC LLC And Residential Capital LLC Outlooks Revised To Developing From Negative; Ratings Affirmed May 26, 2009. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/GMAC-LLC-And-Residential-Capital-LLC-Outlooks-Revised-To-Developing-From-Negative-Ratings-Affirmed-723872>
  
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