DBRS assigned triple-A ratings GMAC U.K.’s first public securitization of whole sale receivables called Wholesale Auto Receivables Funding (WARF).   

DBRS said that while the manufacturer General Motors Co. filed for bankruptcy earlier in 2009, and continues to operate in a weak financial condition, neither GMAC or the U.S. finance or GMAC U.K. filed for bankruptcy when General Motors filed. Additionally, GMAC has received significant cash infusions from the U.S. government.

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