Research Update: GMAC LLC Ratings Cut To 'B', Outlook Still Negative, On Cut In Residential Capital LLC Ratings - S&P Global Ratings’ Credit Research

Research Update: GMAC LLC Ratings Cut To 'B', Outlook Still Negative, On Cut In Residential Capital LLC Ratings

Research Update: GMAC LLC Ratings Cut To 'B', Outlook Still Negative, On Cut In Residential Capital LLC Ratings - S&P Global Ratings’ Credit Research
Research Update: GMAC LLC Ratings Cut To 'B', Outlook Still Negative, On Cut In Residential Capital LLC Ratings
Published Apr 24, 2008
Published Apr 24, 2008
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 24, 2008, Standard&Poor's Ratings Services said it has lowered its ratings on GMAC LLC, parent company of Residential Capital LLC, to 'B' from 'B+'. The outlook remains negative. At the same time, we lowered the ratings on Residential Capital LLC to 'CCC+' from 'B' following the announcement that two independent board members have resigned. We also placed Residential Capital LLC's ratings on CreditWatch with negative implications. (Please see the related research update, titled, "Residential Capital LLC Ratings Cut To 'CCC+', On CreditWatch Negative On Performance Concerns," also published today on RatingsDirect.) The rating action on GMAC LLC reflects our concerns regarding Residential Capital LLC's stressed condition, the likelihood that Residential Capital LLC will require additional support,

  
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 Ratings Cut To 'B', Outlook Still Negative, On Cut In Residential Capital LLC Ratings" Apr 24, 2008. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-GMAC-LLC-Ratings-Cut-To-B-Outlook-Still-Negative-On-Cut-In-Residential-Capital-LLC-Ratings-644706>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: GMAC LLC Ratings Cut To 'B', Outlook Still Negative, On Cut In Residential Capital LLC Ratings Apr 24, 2008. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-GMAC-LLC-Ratings-Cut-To-B-Outlook-Still-Negative-On-Cut-In-Residential-Capital-LLC-Ratings-644706>
  
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