Fiat ratings unaffected by GM option delay-Fitch

Newswire

LONDON, Oct 27 (Reuters) - Italian automaker Fiat Spa's senior unsecured rating was affirmed at BB with a negative outlook, credit ratings agency Fitch Ratings said on Monday. The affirmation follows the announcement of a one-year delay in the start of Fiat's option to sell its car unit to General Motors Corp. until January 2005, the agency said. The option will now run until July 2010. "The postponement of the put option and the delay of any legal actions related to differing views on ...

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