DBRS: GMAC unchanged

DBRS commented that the ratings of GMAC LLC and its related subsidiaries, including its CCC issuer and long-term debt rating are unaffected by the General Motor Corp.'s filing for bankruptcy.

All ratings remain under review with developing implications, where they were placed on May 25, following the company's announced capital and liquidity actions, the agency said.

DBRS added that the current rating and review status already factored in the potential of a GM bankruptcy filing, as negative rating pressure can result from the uncertainties regarding the timing and ultimate resolution of the restructuring of GM and the impact the filing may have on sales volumes of GM vehicles, which ultimately impacts origination volumes at GMAC.

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