Risk Factors Update Summary
- Banking regulators propose changes for organizations with $100 billion+ assets, potentially requiring more capital.
- Proposed rule may require Ally to maintain more long-term debt, impacting interest expense and net income.
- Moody's downgraded Ally's credit rating outlook from Stable to Negative, potentially leading to higher borrowing costs.
- Ally's exposure to nonprime consumer automotive loans increased to 68% in 2023 from 63% in 2022.
- Ally's total outstanding consolidated unsecured debt scheduled to mature in 2023 is $2.5 billion, compared to $2.1 billion in 2022.
- Ally's total outstanding consolidated secured long-term debt scheduled to mature in 2023 is $1.9 billion, compared to $2.4 billion in 2022.
- Ally faces challenges in evaluating and measuring potential impacts of climate-related risks.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=40729&owner=exclude
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