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GMAC LLC Ratings Raised To ?BB+/B-1' Pending GM Sale Of Stake To Cerberus; Outlook Developing

Published Nov 27, 2006

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Abstract:

NEW YORK (Standard&Poor's) Nov. 27, 2006--Standard&Poor's Ratings Services today said it raised its ratings on GMAC LLC (GMAC) to 'BB+/B-1' from 'BB/B-1' and removed them from CreditWatch, where they were placed on Oct. 3, 2005. The outlook is now developing. At the same time, Standard&Poor's raised its ratings on GMAC's subsidiary, Residential Capital LLC (ResCap), to 'BBB/A-3' from 'BBB-A-3' and removed them from CreditWatch, where they were placed on Oct. 3, 2005. The outlook is negative. (See today's separate press release on ResCap.) The upgrades reflect the benefits to GMAC and ResCap that will result from ultimate parent General Motors Corp.'s (GM; B/Watch Neg/B-3) sale of a 51% ownership stake in GMAC to a

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

Format:

HTML

GMAC LLC 'BB+' Ratings Affirmed; Outlook Remains Developing – 2007/03/15 – US$ 150.00

Research Update: GMAC LLC 'BB+' Ratings Affirmed; Outlook Developing – 2007/03/15 – US$ 225.00

GMAC LLC – 2007/03/23 – US$ 500.00

Summary: GMAC LLC – 2007/03/23 – US$ 225.00

GMAC LLC Rating Affirmed, Outlook Revised To Negative; ResCap Rating Lowered – 2007/05/02 – US$ 150.00

Research Update: GMAC LLC Upgraded To ?BB+/B-1' Pending GM's Sale Of Stake To Cerberus, Outlook Developing – 2006/11/27 – US$ 225.00

GMAC 'BB/B-1' Ratings Still On Watch Dev Pending Sale Of 51% Of GM's Stake – 2006/08/15 – US$ 150.00

Research Update: GMAC Ratings Remain On Watch Dev Pending Sale Of 51% Of GM Stake – 2006/08/15 – US$ 225.00

General Motors Acceptance Corp. – 2006/04/13 – US$ 500.00

Summary: General Motors Acceptance Corp. – 2006/04/13 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "GMAC LLC Ratings Raised To ?BB+/B-1' Pending GM Sale Of Stake To Cerberus; Outlook Developing" Nov 27, 2006. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/GMAC-LLC-Ratings-Raised-To-BB-B-1-Pending-GM-Sale-Of-Stake-To-Cerberus-Outlook-Developing-547529>

APA:	S&P Global Ratings’ Credit Research. (). GMAC LLC Ratings Raised To ?BB+/B-1' Pending GM Sale Of Stake To Cerberus; Outlook Developing Nov 27, 2006. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/GMAC-LLC-Ratings-Raised-To-BB-B-1-Pending-GM-Sale-Of-Stake-To-Cerberus-Outlook-Developing-547529>

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