Chrysler bankruptcy reflected in ratings - Moody's

Newswire

By Nancy Leinfuss NEW YORK, April 30 (Reuters) - Moody's Investors Service said rating actions taken on Chrysler's auto loan and lease ABS over recent months reflected the deterioration in performance that led to its bankruptcy filing on Thursday. "The most recent rating actions have taken into consideration a high likelihood of a Chapter 11 bankruptcy filing by Chrysler," Moody's said in a press release. In the past six months, the credit rating agency took several actions on auto ...

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