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Moody's gives Chyrsler stable outlook after Fiat buyout

'Deal will facilitate further integration'

03 January, 18:58
Moody's gives Chyrsler stable outlook after Fiat buyout (see related) (ANSA) - New York, January 3 - Moody's confirmed its B1 rating for Chrysler with a stable outlook Friday, following news of a deal on New Year's Day for Italian automaker Fiat to attain full control of the American automaker and buy up the remaining share. In its assessment, the ratings agency said the transaction will "facilitate the further integration of the two financial and operational strategies of the two companies".

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