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Prospect News home > News index > List of issuers A > Headlines for Ally Financial Inc. > News item
Published on 5/10/2013 in the Prospect News High Yield Daily.

Fitch: Ally still on watch

Fitch Ratings said it has maintained Ally Financial Inc.'s long-term issuer default rating and senior unsecured debt rating of BB- on rating watch negative.

The ratings were first placed on rating watch negative on May 15, 2012, following the bankruptcy filing by Ally's wholly owned subsidiary Residential Capital LLC.

Fitch said that it expects to resolve the rating watch upon receiving further clarity and certainty with ResCap's bankruptcy process.


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