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S&P affirms Ally Financial

S&P Global Ratings has affirmed Ally Financial Inc.'s long-term issuer credit rating at BB+.

The outlook remains stable.

The rating agency said Ally Financial has sustained its underwriting discipline and market position despite weakening vehicle finance credit conditions while maintaining strong capital adequacy, which S&P expects to continue, leading to the stable outlook.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.