TEXT-S&PBulletin: Chrysler Rating Not Affected By Announcements

Newswire

(The following was released by the rating agency) NEW YORK (Standard & Poor's) April 26, 2012--Standard & Poor's Ratings Services said today that Chrysler Group LLC's (B+/Stable/--) first-quarter earnings and the downgrade of 58.5% owner Fiat SpA (now BB-/Stable/B) have no impact on the rating for Chrysler. Chrysler's first-quarter earnings were sharply higher than in 2011, largely because of a 25% rise in shipments. But it appears that inventory will remain manageable--Chrysler's ...

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