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DBRS ups Ally Financial
DBRS said it upgraded the issuer and long-term debt rating of Ally Financial, Inc. to BBB (low) from BB (high). Concurrently, DBRS has upgraded Ally’s short-term instruments rating to R-3 from R-4.
The trend on all ratings is stable.
DBRS said the rating action follows a detailed review of the company’s operating results, financial fundamentals and future prospects.
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