NEW YORK (Standard&Poor's) Oct. 10, 2007—Standard&Poor's Ratings Services said today that its ratings on Chrysler LLC and DaimlerChrysler Financial Services Americas LLC (both rated B/Watch Pos/--) are not immediately affected by reports that the United Auto Workers (UAW), Chrysler's main labor union, went on strike today at the UAW-imposed 11:00 a.m. strike deadline. Chrysler's ratings were placed on CreditWatch on Sept. 26 after General Motors Corp. (B/Watch Pos/B-3) and the UAW reached a new tentative labor contract, a similar version of which we expected, and still expect, to be passed at Chrysler. GM's agreement is designed to address the massive postretirement employment benefit obligations associated with its UAW workforce and retirees, as well as other issues
