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

Research Update: Chrysler LLC, DCFS Ratings Cut To 'CCC+', Negative Outlook, On Funding Constraints

Research Update: Chrysler LLC, DCFS Ratings Cut To 'CCC+', Negative Outlook, On Funding Constraints - S&P Global Ratings’ Credit Research
Research Update: Chrysler LLC, DCFS Ratings Cut To 'CCC+', Negative Outlook, On Funding Constraints
Published Aug 07, 2008
Published Aug 07, 2008
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Aug. 7, 2008, Standard&Poor's Ratings Services 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 recovery rating on DCFS's $2 billion

  
Report Type:

Research Update

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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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Chrysler LLC, DCFS Ratings Cut To 'CCC+', Negative Outlook, On Funding Constraints" Aug 07, 2008. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Chrysler-LLC-DCFS-Ratings-Cut-To-CCC-Negative-Outlook-On-Funding-Constraints-663979>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Chrysler LLC, DCFS Ratings Cut To 'CCC+', Negative Outlook, On Funding Constraints Aug 07, 2008. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Chrysler-LLC-DCFS-Ratings-Cut-To-CCC-Negative-Outlook-On-Funding-Constraints-663979>
  
US$ 225.00
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