DBRS Discontinues Previous Chrysler Ratings
Autos & Auto SuppliersDBRS has today discontinued/withdrawn the following ratings of Chrysler LLC (Chrysler or the Company):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
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