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. On May 26, 2009, Standard&Poor's Ratings Services 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 recent actions GMAC LLC has taken in conjunction with the
