(Reuters) - "The facilities are a key part of our strong liquidity
profile and will provide additional financial flexibility to
the companies," GMAC Chief Financial Officer Sanjiv Khattri
said in a statement.
The renewal comes at a time when GMAC has been hurting from
ResCap's exposure to the subprime mortgage market.
Read more at Reuters.com Bonds News
profile and will provide additional financial flexibility to
the companies," GMAC Chief Financial Officer Sanjiv Khattri
said in a statement.
The renewal comes at a time when GMAC has been hurting from
ResCap's exposure to the subprime mortgage market.
Read more at Reuters.com Bonds News
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