Standard&Poor's Ratings Services' corporate credit rating reflects our assessment of Michigan-based automaker Chrysler Group LLC's business risk profile as weak, and its financial risk profile as aggressive. Under our criteria, the combination of these profiles is consistent with our corporate credit rating. We believe underlying business risks remain high, most notably: Exposure to a potentially weak recovery in vehicle demand in North America; Still-high dependence on light truck sales in North America, despite the ongoing introduction of more fuel-efficient vehicles in conjunction with its Fiat SpA partnership; and Substantial execution risk of its ongoing repositioning and expansion under Fiat's direction. We view Chrysler's ownership by Fiat as a rating positive. We consider Chrysler strategically important to Fiat. In
