On July 2, 2007, Standard&Poor's Ratings Services assigned its 'B' corporate credit rating to Chrysler LLC. At the same time, Standard&Poor's assigned a 'B' long-term counterparty credit rating to Chrysler affiliate DaimlerChrysler Financial Services Americas LLC (DCFS). The outlooks on both companies are negative. Chrysler Holding LLC and Chrysler LLC are new legal entities being formed in connection with the acquisition of a controlling interest in the Chrysler automotive and financial businesses from parent DaimlerChrysler AG (DCX; BBB/Watch Pos/A-2) by an affiliate of Cerberus Capital Management L.P. (DCFS is an existing entity.) Upon consummation of the transaction, Cerberus will own approximately 80.1% of the equity interests in unrated Chrysler Holding, the indirect parent of Chrysler and
