DBRS Rates Ally Financial Inc.’s $1.25 billion Issuance of Senior Notes at BB, Trend Positive

DBRS, Inc. (DBRS) has today assigned a rating of BB to the $750 million 4.125% Senior Notes due March 2020 and the $500 million 4.625% Senior Notes due March 2025 (together the Notes) issued by Ally Financial Inc. (Ally or the Company). The trend on all of the Notes is Positive. The proceeds from the Notes will be included in the general funds of Ally and available for general corporate purposes, including the partial redemption of the Company’s Fixed Rate Cumulative Perpetual Preferred Stock, Series G.

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

The principal applicable methodology is the Global Methodology for Rating Finance Companies (October 2014). Other applicable methodologies include Global Methodology for Rating Banks and Banking Organisations (June 2014) and DBRS Criteria – Support Assessments for Banks and Banking Organisations (March 2015). These can be found at: http://www.dbrs.com/about/methodologies.

The primary sources of information used for this rating include company documents and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

For additional information on this rating, please refer to the linking document under Related Research.