GMAC Must Keep Insurance Rating Agencies Satisfied

Posted on : 09-05-2008 | By : admin | In : Finance

GMAC, LLC includes real estate financing, auto insurance financing, and insurance.  Insurance is delivering much needed income and stability while the mortgage business hemorrhages and the auto loan business stagnates.  But insurance requires a very stable capital structure, and the insurance rating agencies like AM Best are watching GMAC closely to see how it resolves its mortgage problems.
Tags: business

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