Analysts quoted by The Wall Street Journal (WSJ) are suggesting that selling all or part of GMAC may not be a bad move for General Motors.
The report comes a day after Fitch announced it was cutting the credit ratings of GMAC along with its parent GM, citing strong linkages between the two entities. Earlier this month, Standard & Poor's dropped its ratings of both GM and GMAC.
According to the WSJ story, some industry watchdogs say that divesting GMAC would enable GM to raise much-needed cash while allowing GMAC to obtain an investment-grade rating more in line with its financial stature.
Other analysts argue that while it may theoretically sound like a good idea, the fundamentals of a GMAC split from GM would be complex and would require significant restructuring for both parties.
As far as GM is concerned, the issue is one that at least requires consideration.
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