General Motors Acceptance Corp.

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• Fitch Downgrades GMAC LLC's L-T IDR to 'BB-'; Outlook Remains Negative

  - 2008-05-02

  NEW YORK -- Fitch Ratings has downgraded the long-term Issuer Default Rating IDR of GMAC LLC GMAC and related subsidiaries to 'BB-' from 'BB'. Fitch has also downgraded GMAC's unsecured long-term ratings to 'B+' from 'BB-', reflecting the potential for reduced recovery in a default scenario should the company encumber...

  Tags: Fitch Ratings, General Motors Acceptance Corp., GMAC LLC

• Fitch Downgrades GMAC's L-T IDR to 'BB'; Outlook to Negative

  - 2008-03-03

  NEW YORK -- Fitch Ratings has downgraded and removed from Rating Watch Negative the long-term Issuer Default Rating IDR GMAC LLC GMAC and related subsidiaries to 'BB' from 'BB+'. Fitch has also affirmed the 'B' short-term ratings. Fitch originally placed GMAC on Rating Watch Negative on Nov. 14, 2007. The...

  Tags: Fitch Ratings, General Motors Acceptance Corp.

• A lesson in creativity; Plagued by lousy credit, GMAC, Ford Credit maintain loan volumes by raising money in new ways.(General Motors Acceptance Corp.)

  - 2006-11-13

  Byline: Bradford Wernle, Jamie LaReau, Amy Wilson Lousy credit ratings haven't hurt the ability of the Detroit 3's captive finance companies to raise money in financial markets. They just get their money from different sources these days. The finance companies have had...

  Tags: Ford Motor Co., Ford Motor Credit Co., General Motors Acceptance Corp., General Motors Corp.

• ResCap Repays All Inter-Company GMAC Debt Ahead of Schedule

  - 2006-05-19

  MINNEAPOLIS -- Residential Capital Corporation ResCap announced today that it has repaid all domestic and international inter-company borrowings from its parent company, General Motors Acceptance Corporation GMAC. ResCap has repaid more than $11 billion in GMAC inter-company debt in 11 months, which is more than six months ahead of its...

  Tags: bond, FINANCE, General Motors Acceptance Corp., Investment, SEC

• Residential Capital Corporation Announces Pricing of Inaugural EUR 750 Million and GBP 400 Million Debt Issuance

  - 2006-05-11

  MINNEAPOLIS -- Residential Capital Corporation ResCap announced today the pricing of a Euro and a Sterling-denominated bond offering, its first debt issuance in the European market. The offering consists of EUR 750 Million of 5.125% notes due in 2012 and GBP 400 Million of 6.375% notes due in 2013. ...

  Tags: General Motors Acceptance Corp., MARKETING, Pricing, ResCap, SEC

• Mailing error delays GMAC deposits

  - 2006-04-20

  "The check's stuck in the mail" is right up there with "The dog ate my homework" in the ranks of famed and shamed excuses. It usually comes from a consumer, though - not from one of the nation's best-known financial institutions. Yet that was the basic explanation given yesterday...

  Tags: E.I. Du Pont de Nemours & Co., General Motors Acceptance Corp.

• Residential Capital Corporation Announces Pricing of $3.5 Billion of Senior and Subordinated Notes and Will Eliminate All Domestic Affiliate Debt

  - 2006-04-11

  MINNEAPOLIS -- Residential Capital Corporation ResCap announced today the pricing of both senior and subordinated bond offerings that in aggregate represent $3.5 billion in principal. The senior offering is $1.75 billion of 6.5% fixed-rate notes due in 2013 and $750 million of floating-rate notes due in 2009. The subordinated offering...

  Tags: bond, FINANCE, General Motors Acceptance Corp., Investment, MARKETING, Pricing, ResCap, SEC

• Residential Capital Corporation Announces Offerings of Senior and Subordinated Notes; Will Complete Repayment of All Domestic Affiliate Borrowings

  - 2006-04-10

  MINNEAPOLIS -- Residential Capital Corporation ResCap announced today two bond offerings. ResCap intends to use the proceeds of these offerings along with cash from other funding sources to repay all domestic borrowings from General Motors Acceptance Corporation, its parent. The principal amount, maturity, interest rate and other terms of...

  Tags: bond, General Motors Acceptance Corp., ResCap, SEC

• Amend - Fitch: GMAC & ResCap Remain on Watch Evolving On Accounting Issues

  - 2006-03-17

  NEW YORK -- This is a correction for a previous message. It corrects the first sentence of the press release, which erroneously states that GMAC and ResCap remain on Rating Watch Negative. The ratings for General Motors Acceptance Corp. GMAC and its wholly-owned subsidiary Residential Capital Corp. ResCap remain...

  Tags: Fitch Ratings, General Motors Acceptance Corp.

• GMAC shuts local offices.(General Motors Acceptance Corp.)(Brief Article)

  - 2006-03-01

  GMAC SHUTS LOCAL OFFICES. General Motors Acceptance Corp., the car loan business for General Motors, is closing its Puerto Rico offices (26 employees) as part of a US$20 billion GMAC restructuring with Scotia Bank to raise capital for the financially ailing GM, said Roger Stoneking, who...

  Tags: car, General Motors Acceptance Corp., General Motors Corp., GMAC