UPDATE 1-Fiat sales may not stave off ratings cut-S&P

Newswire

(Adds byline, bond price and comment in paras four and five, share price in para six, debt details in paras 10 and 11) By Richard Lindsay LONDON, Dec 23 (Reuters) - Italian auto giant Fiat could still have its credit ratings cut despite selling its holding in General Motors and its European finance unit Fidis in order to cut debt, Standard & Poor's said on Monday. "These sales do not come as a surprise to us and the sale of the Fidis finance unit is already factored into our ...

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