Fitch raises GMAC International

Fitch Ratings said it upgraded GMAC International Finance BV's long-term issuer default rating and senior unsecured debt rating to BB+ from BB- and affirmed its short-term issuer default rating and short-term debt rating at B.

The outlook is stable.

Fitch upgraded Ally Financial's long-term issuer default rating to BB+ on April 1 and affirmed its ratings on April 16 as part of its annual Consumer Finance peer review. The rating action aligns GMAC International BV's ratings with Ally's.

GMAC's rating is based on support from its parent Ally, while its debt ratings debt reflects Ally's guarantee of the debt, the agency said.

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