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Fitch Revises Rating Assigned to Ally's $482.9M Subordinated Debt Due 2018

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has revised the rating assigned to Ally Financial Inc.'s (Ally) $482.9 million 8.0% Subordinated Notes due 2018 (CUSIP: 36186CCA9) to 'BB' from 'BB+'. Fitch previously had mischaracterized these notes as a senior unsecured debt obligation. The rating revision does not reflect any credit concerns with respect to Ally, and Ally's 'BB+' Issuer Default Rating (IDR) and Stable Rating Outlook are unaffected by this action. KEY RATING DRIVERS - SUBORDINATED DEB

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