Chrysler LLC Ratings Lowered To 'D' On Chapter 11 Filing; DCFS Americas Rating Not Affected - S&P Global Ratings’ Credit Research

Chrysler LLC Ratings Lowered To 'D' On Chapter 11 Filing; DCFS Americas Rating Not Affected

Chrysler LLC Ratings Lowered To 'D' On Chapter 11 Filing; DCFS Americas Rating Not Affected - S&P Global Ratings’ Credit Research
Chrysler LLC Ratings Lowered To 'D' On Chapter 11 Filing; DCFS Americas Rating Not Affected
Published Apr 30, 2009
Published Apr 30, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) April 30, 2009--Standard&Poor's Ratings Services today said it has lowered its corporate credit and other ratings on Chrysler LLC to 'D', reflecting the Administration's announcement that the company will file for Chapter 11 bankruptcy in the United States. The rating actions today are consistent with our previously published intentions to lower the ratings in the event of a bankruptcy filing or a distressed exchange. (For further details, please see our bulletin of April 27, 2009, "General Motors Corp., Chrysler LLC Take Steps To Avert Bankruptcy; Ratings Unaffected.") We lowered the corporate credit rating on Chrysler to 'CCC+' in August 2008 and to 'CC' in December 2008. "We believe the filing was caused by

  
Report Type:

Ratings Action

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

  
MLA:
S&P Global Ratings’ Credit Research. "Chrysler LLC Ratings Lowered To 'D' On Chapter 11 Filing; DCFS Americas Rating Not Affected" Apr 30, 2009. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Chrysler-LLC-Ratings-Lowered-To-D-On-Chapter-11-Filing-DCFS-Americas-Rating-Not-Affected-719072>
  
APA:
S&P Global Ratings’ Credit Research. (). Chrysler LLC Ratings Lowered To 'D' On Chapter 11 Filing; DCFS Americas Rating Not Affected Apr 30, 2009. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Chrysler-LLC-Ratings-Lowered-To-D-On-Chapter-11-Filing-DCFS-Americas-Rating-Not-Affected-719072>
  
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