NEW YORK (Standard&Poor's) Jan. 29, 2014--Standard&Poor's Ratings Services today assigned its 'BB+' issue-level rating to Chrysler Group LLC's proposed new senior secured term loan B, with a recovery rating of '1', indicating our expectation of very high (90% to 100%) recovery in the event of a payment default. At the same time, we affirmed the 'BB+' rating on company's senior secured term loan B due 2017, which the company proposes to upsize as part of the transaction. The '1' recovery rating remains unchanged. The company has stated the additional term loans will raise up to an additional $2 billion. In addition, we lowered the issue-level ratings on Chrysler's senior secured second-lien notes to 'B' from 'B+',
