Fitch: Ally Financial view to positive

Fitch Ratings said it affirmed Ally Financial Inc.'s long-term issuer default rating at BB+ and short-term issuer default rating at B.

The outlook was revised to positive from stable.

These actions were taken as part of the agency’s periodic peer review of U.S. consumer finance companies, which comprises four publicly rated firms.

Fitch said the positive outlook reflects its expectations for improving profitability given the continued funding mix shift to retail deposits, manageable increases in deposit pricing should the Federal Reserve (Fed) raise rates further, stabilizing credit performance on more recent loan vintages, and expectations for continued measured expansion of Ally's non-auto business segments over the medium-term.

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