Does a shiny Ditto transform into a shiny Pokemon?

Shiny Dittos will not transform to a shiny Sprite to its opponent.

But if it transformes into a shiny pokemon, the transformed ditto becomes the shiny pokemon, not the normal pokemon.

Ex: Red Gyrados vs Ditto

If ditto uses transform, it will turn into a Red Gyrados.

When the battle ends, the ditto will not be shiny.

But in Gen. 2, I think it does turn shiny if you catch the transformed ditto... XD