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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
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October 16, 2014
08:06 EDTFIATYAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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06:34 EDTFIATYChina to punish automakers that miss fuel standards, Reuters reports
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October 13, 2014
06:44 EDTFIATYRegulators seeking banks' auto loan data, Reuters reports
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October 8, 2014
06:37 EDTFIATYFiat head aims to step down from post after 2018, Bloomberg says
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06:34 EDTFIATYFiat boss expects Chrysler deal to make new No.1 vehicle maker, Bloomberg says
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