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

Research Update: GMAC Inc., Residential Capital LLC Ratings Raised To 'B' From 'CCC'; Outlook Stable

Research Update: GMAC Inc., Residential Capital LLC Ratings Raised To 'B' From 'CCC'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: GMAC Inc., Residential Capital LLC Ratings Raised To 'B' From 'CCC'; Outlook Stable
Published Jan 27, 2010
1578 words — Published Jan 27, 2010
Price US$ 225.00  |  Buy this Report Now

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. On Jan. 27, 2010, Standard&Poor's Ratings Services 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 Residential Capital LLC and raising the senior

  
Brief Excerpt:

RESEARCH Research Update: GMAC Inc., Residential Capital LLC Ratings Raised 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...

  
Report Type:

Research Update

Ticker
GM1
Issuer
Ally Financial Inc.
GICS
Consumer Finance (40202010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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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. "Research Update: GMAC Inc., Residential Capital LLC Ratings Raised To 'B' From 'CCC'; Outlook Stable" Jan 27, 2010. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-GMAC-Inc-Residential-Capital-LLC-Ratings-Raised-To-B-From-CCC-Outlook-Stable-771443>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: GMAC Inc., Residential Capital LLC Ratings Raised 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/Research-Update-GMAC-Inc-Residential-Capital-LLC-Ratings-Raised-To-B-From-CCC-Outlook-Stable-771443>
  
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