TEXT-S&P on Chrysler bankruptcy impact on ABS ratings

Newswire

(The following statement was released by the rating agency) April 30 - Standard & Poor's Ratings Services today stated that it is reviewing the impact that Chrysler LLC's April 30, 2009, Chapter 11 bankruptcy filing in U.S. Bankruptcy Court (Southern District of New York) may have on related U.S. and Canadian asset-backed securities (ABS). As of April 2009, Standard & Poor's rated approximately $16 billion of Chrysler-related ABS. Standard & Poor's ratings on outstanding ...

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