We are revising our outlook on Ally Financial Inc. to positive from stable. We are also affirming our ratings, including our 'B+' long-term counterparty credit and 'C' short-term ratings, on Ally. The outlook revision follows the Chapter 11 bankruptcy filing of its subsidiary Residential Capital LLC. On May 17, 2012, Standard&Poor's Ratings Services revised its outlook on Ally Financial Inc. to positive from stable. At the same time, Standard&Poor's affirmed its ratings, including its 'B+' long-term counterparty credit and 'C' short-term ratings, on Ally. The outlook revision reflects our view of potentially favorable implications for Ally's credit profile arising from measures the company announced May 14, 2012, designed to resolve issues relating to Residential Capital LLC
