Research Update: GMAC LLC And Residential Capital LLC Ratings Raised To 'CCC/C'; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: GMAC LLC And Residential Capital LLC Ratings Raised To 'CCC/C'; Outlook Negative

Research Update: GMAC LLC And Residential Capital LLC Ratings Raised To 'CCC/C'; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: GMAC LLC And Residential Capital LLC Ratings Raised To 'CCC/C'; Outlook Negative
Published Feb 04, 2009
Published Feb 04, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Feb. 4, 2009, Standard&Poor's Ratings Services raised its counterparty credit rating on GMAC LLC and its 100% owned subsidiary Residential Capital LLC to 'CCC/C' from 'SD' (selective default). All debt that was not part of the exchange offers was upgraded to 'CCC' from 'CC' and removed from CreditWatch Negative. The outlooks are negative. We also assigned issue ratings to various guaranteed unsecured senior notes, unguaranteed unsecured senior and subordinated notes, and perpetual preferred stock--all issued by GMAC as part of the GMAC and Residential Capital LLC debt exchange offerings. It is our understanding that GMAC Latin America Holdings LLC, GMAC International Holdings Coöperatief U.A., GMAC Continental LLC, IB Finance Holding Company LLC, and GMAC US LLC (each

  
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 LLC And Residential Capital LLC Ratings Raised To 'CCC/C'; Outlook Negative" Feb 04, 2009. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-GMAC-LLC-And-Residential-Capital-LLC-Ratings-Raised-To-CCC-C-Outlook-Negative-700551>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: GMAC LLC And Residential Capital LLC Ratings Raised To 'CCC/C'; Outlook Negative Feb 04, 2009. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-GMAC-LLC-And-Residential-Capital-LLC-Ratings-Raised-To-CCC-C-Outlook-Negative-700551>
  
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