Fiat ratings unaffected by put option delay -S&P


LONDON, Oct 27 (Reuters) - Italian automaker Fiat Spa's ratings are not affected by the one-year postponement in the option to sell its stake in Fiat Auto Holding B.V. to General Motors Corp. , Standard & Poor's said on Monday. Fiat is rated BB- long-term with a stable outlook by S&P, three notches below investment grade. The option will be exercisable from 2005 to 2010, instead of 2004 to 2009 previously, S&P said in a statement. "The ratings on Fiat already assumed that ...

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