-- Most Chrysler LLC assets have been sold out of bankruptcy to a new company owned 20% by Fiat SpA. -- We are withdrawing all of our ratings on Chrysler LLC. NEW YORK (Standard&Poor's) June 10, 2009--Standard&Poor's Ratings Services today said it has withdrawn its ratings on Chrysler LLC, including the 'D' corporate credit rating. "The rating withdrawal follows the sale of substantially all of the company's assets to a new entity, Chrysler Group LLC," said Standard&Poor's credit analyst Robert Schulz. The sale is part of the Chapter 11 bankruptcy proceedings of Chrysler LLC, which filed for bankruptcy on April 30, 2009. Under the operating agreement for unrated Chrysler Group LLC, the company initially
