TEXT-S&P cuts DaimlerChrysler Financial Services Americas LLC

Newswire

(The following statement was released by the rating agency) Dec 23 - Standard & Poor's Ratings Services said today that it lowered its long-term counterparty credit rating on DaimlerChrysler Financial Services Americas LLC (DCFSA) to 'CCC-' from 'CCC+'. The ratings are placed on CreditWatch with developing implications. "The rating action follows the Dec. 22, 2008, downgrade of DCFSA's parent Chrysler LLC to 'CC' from 'CCC+' following Chrysler LLC's announcement that, as part of its ...

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