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Prospect News home > News index > List of issuers R > Headlines for Residential Capital LLC > News item
Published on 6/5/2008 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P: GMAC unaffected

Standard & Poor's said GMAC LLC's (B/negative/C) implementation of its refinancing plan will not affect ratings.

GMAC LLC and its wholly owned subsidiary executed a comprehensive series of transactions, the agency noted. Residential Capital LLC extended unsecured debt maturities through a debt exchange, renewed certain funding lines and obtained liquidity support from GMAC.


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