Press Release

DBRS Discontinues Previous Chrysler Ratings

Autos & Auto Suppliers
June 18, 2009

DBRS has today discontinued/withdrawn the following ratings of Chrysler LLC (Chrysler or the Company):

-- Issuer Rating
-- First Lien Secured Credit Facility
-- Second Lien Secured Credit Facility

The discontinuation reflects the cancellation of the noted debt securities. Chrysler filed for Chapter 11 bankruptcy protection in the United States on April 30, 2009, at which time the ratings were downgraded to D. DBRS notes that the Company recently sold most of its assets to a new entity, Chrysler Group LLC.

Notes:
The applicable methodology is Rating Automotive, which can be found on our website under Methodologies.

This is a Corporate (Autos and Auto Parts) rating.

Ratings

Chrysler LLC
  • Date Issued:May 1, 2009
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:--
  • Issued:CA
  • Date Issued:May 1, 2009
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:--
  • Issued:CA
  • Date Issued:May 1, 2009
  • Rating Action:Disc.-W/drwn
  • Ratings:Discontinued
  • Trend:--
  • Rating Recovery:--
  • Issued:CA
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

Related Documents