UPDATE 1-Fiat ratings unaffected by GM option delay -Fitch


(Adds further details from statement, other ratings) LONDON, Oct 27 (Reuters) - Italian automaker Fiat Spa's senior unsecured rating was affirmed at BB with a negative outlook, credit ratings agency Fitch Ratings said on Monday. The affirmation follows the announcement of a one-year delay in the start of Fiat's option to sell its car unit to General Motors Corp. until January 2005, the agency said in a statement. The option will now expire in July 2010. "The postponement of the put ...

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