Fitch Sees No Immediate Impact on Fiat's Rating From Chrysler Buyout

Newswire

(The following statement was released by the rating agency) BARCELONA/LONDON, January 02 (Fitch) Fitch Ratings says that the agreement reached by Fiat Spa (BB-/Negative) with VEBA Trust for the acquisition of its remaining equity interests in Chrysler Group LLC (Chrysler) has no immediate impact on Fiat's rating, with a relatively modest increase in Fiat Group's consolidated balance sheet. However, ring-fencing of Chrysler's debt remains an issue as it continues to limit ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Feb 10, 2017
Video
WardsAuto

Volvo V60 Polestar 2.0L Turbo/Supercharged DOHC 4-cyl. -- 2017 Award Acceptance

Stefan Hermelin, general manager-Monitoring & Concept Center, accepts Volvo Cars' award at the 2017 Wards 10 Best Engines ceremony....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×