[Allpar News System]

Moody's Investors Service has upgraded ratings of about $8 billion of Chrysler Group LLC debt from B2 to B1 with a stable outlook. The agency says it expects Chrysler will be able to sustain the progress it has made during the past 18 months and strengthening its competitive position in North America. The new rating is still four steps below investment grade and Chrysler still has the lowest rating of the Detroit automakers. Ford's current rating is an investment-grade Baa3, General Motors' is rated Ba1, just below investment grade. This progress is demonstrated by Chrysler's achievement of key goals that were promised in the plan it presented following its emergence from bankruptcy. Among the significant metrics are  EBITA margin of 4.3%; EBITA/interest of 1.6x; debt/EBITDA of 3.7x; and free cash flow of $2.5 billion. While Chrysler's dependence on the North American market has been seen as a weakness in the..

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[Bearhawke]

A win is still a win; I'll take it.

 

[Mike V.]

A win is still a win; I'll take it.

Well said!

Mike

 

[Erik Latranyi]

Moving in the right direction.

 

[MoparNorm]

Gotta love the analysts, bagging on Chrysler for being dependent upon the ONLY market segment that is actually above water.
EVERYONE needs more sales in Europe, not just Chrysler.