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Specialty Lender - Ratings and Research
DBRS keeps GMAC, related units' ratings under review following Q3 results
November 06, 2009 8:10 PM ET
By Jasir Jawaid

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Following GMAC Inc.'s third-quarter results, DBRS said Nov. 6 that the ratings of the company and its related subsidiaries, including its CCC issuer and long-term debt ratings, remain under review with developing implications.

During its review, DBRS will continue to review GMAC's future earnings potential, its liquidity profile and its capitalization. The rating agency will also assess the company's ability to return to profitability and generate organic capital.

Also, DBRS sees more upward ratings pressure than downward ratings pressure due to the expected improvement in GMAC's capital position, the ongoing improving liquidity and funding profile, and continuing de-risking of the balance sheet.

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