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Prospect News home > News index > List of issuers R > Headlines for Residential Capital LLC > News item
Published on 6/12/2012 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Moody's rates ResCap loans Ba1, Ba3

Moody's Investors Service said it assigned a Ba1 rating to Residential Capital, LLC's $1.05 billion debtor-in-possession term loan A-1 and a Ba3 rating to the $200 million DIP term loan A-2.

Moody's said the ratings are primarily driven by: (a) collateral coverage available to the DIP lenders; (b) structural features of the DIP facility; (c) the size of the DIP facility relative to pre-petition debt; and (d) the cause of bankruptcy.


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