Moody’s says Chrysler at greatest risk of bankruptcy
Posted on April 7th, 2009 • by Bill Cawthon
Moody’s Investor Services, the same company that gave packages of sub-prime mortgages Triple-A ratings, says Chrysler is at greatest risk of filing for protection under bankruptcy laws.
The ratings agency says Chrysler will find it more challenging to prove its viability than will General Motors, which is also rated at high risk of bankruptcy. Both companies are rated as having a 70 percent likelihood of having to turn to the courts for protection. Ford’s risk is rated at somewhat less than 70 percent.
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