TEXT-S&P says GM, Chrysler ratings unchanged

Newswire

(The following statement was released by the rating agency) March 30 - Standard & Poor's Ratings Services said today that its ratings on General Motors Corp. (CC/Negative/--) and Chrysler LLC (CC/Negative/--) are not affected by the Obama Administration's announcement that the plans these two U.S. automakers submitted do not establish a credible path to viability. The companies will receive near-term financial support while they pursue more aggressive restructuring plans, which the ...

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