Moody's Investors Service downgraded the ratings of Residential Capital's (ResCap)senior secured bonds to 'Ca' from 'Caa2' and junior secured bonds to 'Ca' from 'Caa3'.

The agency said that ratings of ResCap's unsecured senior debt and unsecured subordinate debt were confirmed at 'Ca' and 'C', respectively. The outlook is negative. The ratings of GMAC (GMAC), ResCap's parent, were not affected by this action (B3 with a negative outlook), Moody's stated in a release.

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