TEXT-Fitch maintains rating watch negative on Ally Financial

Fri Nov 9, 2012 4:44pm EST

Nov 9 - Fitch Ratings has maintained the Rating Watch Negative on Ally
Financial Inc. (Ally). The ratings were placed on Rating Watch Negative
on May 15, 2012, following the bankruptcy filing by Ally's wholly-owned
subsidiary Residential Capital LLC (ResCap). In addition, Fitch is withdrawing
all its ratings on ResCap, following the entity's bankruptcy filing.