Michigan-based automaker Chrysler Group LLC's credit measures have improved and we believe the company could reach and maintain appropriate measures for a higher rating in the next 12 months. We are affirming our ratings on Chrysler, including the 'B+' corporate credit rating, and revising the outlook to positive from stable. The positive outlook reflects the potential for an upgrade if Chrysler's stand-alone performance continues to improve and if the ratings on its majority owner, Fiat, remain 'BB-'. On April 30, 2013, Standard&Poor's Ratings Services affirmed its ratings, including the 'B+' corporate credit rating, on Chrysler Group LLC. At the same time, we revised our outlook to positive from stable. The outlook revision reflects our expectation that Chrysler will
