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5 years ago
TEXT-Fitch maintains rating watch negative on Ally Financial
November 9, 2012 / 9:45 PM / 5 years ago

TEXT-Fitch maintains rating watch negative on Ally Financial

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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.

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