Majority ownership by Fiat SpA (BB-/Stable/B), which we believe provides needed access to Fiat's fuel efficiency technology and a focused management team. Recent return to profitability in Chrysler's North American operations, cash generation, and adequate liquidity. High dependence on sales in North America and light trucks. Execution risk of its ongoing repositioning and expansion strategy. The need to regain the confidence of many U.S. consumers. A still-substantial debt burden. Standard&Poor's Ratings Services' corporate credit rating reflects our assessment of Michigan-based automaker Chrysler Group LLC's business risk profile as "weak," and its financial risk profile as "aggressive" as defined by our criteria. We believe underlying company-specific business risks remain high, most notably: Still-high dependence on sales in North America
