We believe that Ally has maintained its underwriting discipline and market position amid weakening credit conditions in vehicle finance while maintaining strong capital adequacy. We are affirming our 'BB+' long-term issuer credit rating on Ally. The stable outlook reflects our expectations that Ally will maintain a stable market position in consumer automobile and dealer floorplan finance, good underwriting discipline, and strong capital adequacy. On Oct. 16, 2017, S&P Global Ratings affirmed its 'BB+' long-term issuer credit rating on Ally Financial Inc. The outlook remains stable. At the same time, we affirmed our 'BB+' senior debt rating, 'BB-' subordinated debt rating, 'B' trust preferred stock rating, and 'B' short-term issuer credit rating. The rating affirmation reflects our view that Ally has
