OREANDA-NEWS. September 29, 2015.  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 DEBT
The revision of the subordinated debt rating reflects the subordinated nature of the debt class relative to Ally's senior secured and senior unsecured debt obligations.

RATING SENSITIVITIES - SUBORDINATED DEBT
The rating assigned to the subordinated debt is one-notch below Ally's IDR, and therefore would be expected to move in tandem with any change in Ally's IDR. Additionally, the notching between the subordinated debt and the IDR could widen to the extent that Fitch's view of the recovery prospects for the subordinated debt decreased.

Fitch has taken the following rating action:

Ally Financial Inc.
--\\$482.9 million 8.0% Subordinated Notes due 2018 revised to 'BB' from 'BB+'.