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Prospect News home > News index > List of issuers R > Headlines for Residential Capital LLC > News item
Published on 5/15/2012 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch cuts Residential Capital, keeps Ally on watch

Fitch Ratings said it downgraded the long-term issuer default rating of Residential Capital LLC to D from C following the company's filing of voluntary petition seeking relief under Chapter 11 of the U.S. Bankruptcy code.

Fitch maintained the Rating Watch negative on the BB- long-term issuer default rating and senior unsecured debt rating of Ally Financial Inc.


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