Chrysler LLC, DCFS Ratings Lowered To 'CCC+', Negative Outlook On Funding Constraints - S&P Global Ratings’ Credit Research

Chrysler LLC, DCFS Ratings Lowered To 'CCC+', Negative Outlook On Funding Constraints

Chrysler LLC, DCFS Ratings Lowered To 'CCC+', Negative Outlook On Funding Constraints - S&P Global Ratings’ Credit Research
Chrysler LLC, DCFS Ratings Lowered To 'CCC+', Negative Outlook On Funding Constraints
Published Aug 07, 2008
1276 words — Published Aug 07, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Aug. 7, 2008—Standard&Poor's Ratings Services said today it lowered its ratings on Chrysler LLC, including the corporate credit rating, to 'CCC+' from 'B-'. At the same time, we lowered the counterparty credit rating on DaimlerChrysler Financial Services Americas LLC (DCFS), the auto finance affiliate of Chrysler, to 'CCC+' from 'B-'. In addition, we removed all ratings from CreditWatch with negative implications, where they were placed originally on June 20, 2008. We lowered the ratings to 'B-' on July 31, 2008, and stated then that the ratings would remain on CreditWatch until certain bank lines at DCFS had been renewed, which has occurred. The outlook on both issuers is negative. Separately, we revised the

  
Brief Excerpt:

RESEARCH Chrysler LLC, DCFS Ratings Lowered To '###+', Negative Outlook On Funding Constraints Publication date: 07-Aug-2008 Primary Credit Analysts: Robert Schulz, CFA, New York (1) 212-438-7808; robert_schulz@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
3318058Z
Issuer
Chrysler Group LLC
GICS
Automobile Manufacturers (25102010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Chrysler LLC, DCFS Ratings Lowered To 'CCC+', Negative Outlook On Funding Constraints" Aug 07, 2008. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Chrysler-LLC-DCFS-Ratings-Lowered-To-CCC-Negative-Outlook-On-Funding-Constraints-663978>
  
APA:
S&P Global Ratings’ Credit Research. (). Chrysler LLC, DCFS Ratings Lowered To 'CCC+', Negative Outlook On Funding Constraints Aug 07, 2008. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Chrysler-LLC-DCFS-Ratings-Lowered-To-CCC-Negative-Outlook-On-Funding-Constraints-663978>
  
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