Research Update: FCA US LLC 'BB+' Ratings Withdrawn Following Debt Prepayment - S&P Global Ratings’ Credit Research

Research Update: FCA US LLC 'BB+' Ratings Withdrawn Following Debt Prepayment

Research Update: FCA US LLC 'BB+' Ratings Withdrawn Following Debt Prepayment - S&P Global Ratings’ Credit Research
Research Update: FCA US LLC 'BB+' Ratings Withdrawn Following Debt Prepayment
Published Nov 23, 2018
4 pages (1099 words) — Published Nov 23, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Nov. 23, 2018, S&P Global Ratings withdrew its 'BB+' long-term issuer credit rating on FCA US LLC, a core subsidiary of Fiat Chrysler Automobiles N.V. At the time of the withdrawal, the outlook was positive, mirroring the outlook on its parent. This withdrawal follows FCA US' recent prepayment of its remaining $1 billion under its term loan B. At the time of withdrawal, there was no rated debt outstanding at FCA US. Full Analysis: Fiat Chrysler Automobiles N.V., Sept. 7, 2018 Rating Withdrawn To From FCA US LLC Issuer Credit Rating NR/-- BB+/Positive/-- NR--Not rated.

  
Brief Excerpt:

...On Nov. 23, 2018, S&P Global Ratings withdrew its '##+' long-term issuer credit rating on FCA US LLC, a core subsidiary of Fiat Chrysler Automobiles N.V. At the time of the withdrawal, the outlook was positive, mirroring the outlook on its parent....

  
Report Type:

Research Update

Ticker
3318058Z
Issuer
FCA US LLC
GICS
Automobile Manufacturers (25102010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: FCA US LLC 'BB+' Ratings Withdrawn Following Debt Prepayment" Nov 23, 2018. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-FCA-US-LLC-BB-Ratings-Withdrawn-Following-Debt-Prepayment-2134002>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: FCA US LLC 'BB+' Ratings Withdrawn Following Debt Prepayment Nov 23, 2018. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-FCA-US-LLC-BB-Ratings-Withdrawn-Following-Debt-Prepayment-2134002>
  
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