NEW YORK, Nov 14 (Reuters) - Fitch Ratings on Wednesday said it may cut its rating for GMAC deeper into junk, citing recent pressures at GMAC's mortgage unit Residential Capital.
Fitch currently awards GMAC, the former finance subsidiary of General Motors Corp. GM.N, a "BB-plus" long-term issuer default rating, which is one step into junk territory.
(Reporting by Neil Shah; Editing by Chizu Nomiyama,)
CHICAGO (Reuters) - A trade group for the lenders that finance half the capital equipment investment in the United States said on Tuesday the sharp pullback in business borrowing that marked the recent downturn moderated markedly in November -- an encouraging sign companies may be growing more confident in the sustainability of the recovery.
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