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 ...

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