Majority ownership by Fiat SpA (BB/Negative/B), which we believe provides needed access to Fiat's fuel efficiency technology and a focused management team; and Recent return to profitability in Chrysler's North American operations, some positive cash generation, and adequate liquidity. Dependence on North America and on light trucks and pickups for profitability; The need to regain the confidence of many U.S. consumers; Exposure to significant commodity price increases; and 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. Under our criteria, the combination of these profiles is consistent with our corporate credit rating. We believe underlying business
