NEW YORK (Standard&Poor's) Sept. 24, 2013--Standard&Poor's Ratings Services said today that its ratings and outlook on Chrysler Group LLC (B+/Positive/--) are not immediately affected by the company's filing of a registration statement in connection with a proposed IPO of common stock. Fiat SpA (Chrysler's 58.5% majority owner) has indicated a desire to acquire the remaining 41.5% of Chrysler owned by the VEBA trust--to benefit United Auto Workers retirees. However, Fiat and VEBA have been in dispute about the stake's price since last year and the IPO could be VEBA's avenue to monetize its stake. We revised the outlook on Chrysler's rating to positive from stable in April 2013, reflecting its good performance over several years and
