Fitch Ratings on April 6 affirmed 's long-term issuerdefault rating at BB+ and short-term issuer default rating at B.

The outlook is stable.

Fitch said the affirmation reflects Ally Financial's strongfranchise, leading market position in the U.S. auto finance industry, highcredit quality assets, diverse funding base, ample liquidity, adequaterisk-adjusted capitalization and seasoned management team.

The stable outlook is based on Fitch's view that while anumber of Ally's credit attributes are improving, it faces counterbalancingchallenges in the near term, including navigating an increasingly competitiveunderwriting environment, which is expected to lead to asset quality andresidual value reversion.