DBRS Rates GMAC $2.0 billion Senior Guaranteed Notes due 2015 at BB (low), Trend is Stable

DBRS has today assigned its BB (low) rating to the $2.0 billion 8.30% Senior Guaranteed Notes due 2015 (the Notes) issued by GMAC Inc. (GMAC or the Company). The trend on the rating is Stable. The Notes will pay interest semi-annually and mature on February 12, 2015. The Notes are guaranteed by certain subsidiaries of GMAC.

The rating reflects the significant franchise strength of the core Global Automotive Finance segment, the improved liquidity and capitalization of the Company, and the significant support received from the U.S. Treasury.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Auto Finance Companies Operating in the United States, which can be found on our website under methodologies.

This is a Corporate (Financial Institutions) rating.