LONDON, Feb 22 (Reuters) - Standard & Poor's on Friday cut its credit ratings on GMAC LLC, the auto-financing business owned by Cerberus Capital Management [CBS.UL] and General Motors Corp. , and mortgage unit Residential Capital LLC.
LONDON, Feb 22 (Reuters) - Standard & Poor's on Friday cut its credit ratings on GMAC LLC, the auto-financing business owned by Cerberus Capital Management [CBS.UL] and General Motors Corp. , and mortgage unit Residential Capital LLC.