(The following statement was released by the rating agency) April 30 -Standard & Poor's Ratings Services today said it has lowered its corporate credit and other ratings on Chrysler LLC to 'D', reflecting the Administration's announcement that the company will file for Chapter 11 bankruptcy in the United States. The rating actions today are consistent with our previously published intentions to lower the ratings in the event of a bankruptcy filing or a distressed exchange. (For ...
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