GMAC CFO Warns Against Expecting Improved Credit Ratings Overnight

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The goal of GMAC over the next few years is to regain and main­tain an invest­ment-grade rat­ing and achieve prof­itable growth. GM’s recent agree­ment to sell a major­i­ty stake of GMAC to Cere­brus Cap­i­tal Man­age­ment has not yet result­ed in a change in cred­it rat­ing from the cur­rent spec­u­la­tive-grade rank­ing.