S&P raises GMAC ratings to 'BB+', upgrades ResCap


NEW YORK, Nov 27 (Reuters) - Standard & Poor's said on Monday that it raised its ratings on GMAC LLC, the finance unit of General Motors Corp. , and upgraded GMAC's subsidiary, Residential Capital LLC. S&P raised GMAC's credit rating to "BB-plus," one level below investment grade, from "BB," and removed them from CreditWatch, where they had been placed on Oct. 3, 2005. The outlook is now developing. At the same time, S&P raised its ratings on GMAC's subsidiary, Residential ...

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