New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 10, 2014
15:34 EDTFIATYS&P raises Chrysler ratings to 'BB-' from 'B+'
Standard & Poor's Ratings raised its ratings on Chrysler Group, including the corporate credit rating to 'BB-' from 'B+'. The outlook is stable. "The upgrade follows the announcement that Chrysler's minority shareholder, the VEBA trust, has agreed to sell its 41.5% stake in Chrysler to Fiat SpA for a total consideration of about $4.3B. We now describe Chrysler as a "core" subsidiary of Fiat and expect that the rating on the company will move in tandem with that on the parent, unless we adjust our 'core' assessment," said Standard & Poor. Fiat will own 100% of Chrysler following the transaction, which Fiat has announced is expected be completed by Jan. 20.
News For FIATY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for FIATY

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use