Moody's affirms GMAC's debt ratings

Newswire

NEW YORK, Jan 13 (Reuters) - Moody's Investors Service on Thursday affirmed its ratings on General Motors Acceptance Corp., General Motors Corp.'s finance arm, after GMAC said it was considering a new structure for its residential mortgage business.

Moody's affirmed GMAC's long-term rating at "Baa1," the third-lowest investment-grade rating, and its "Prime-2" short-term rating.

GMAC ...

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