Fiat says S&P confirmed its rating, outlook stable
MILAN Jan 10 (Reuters) - Fiat said on Friday Standard & Poor's had confirmed its 'BB-' rating on the Italian carmaker's long-term debt, keeping its outlook stable.
The agency also confirmed Fiat's 'B' short-term rating, it added.
Earlier this week, Moody's had placed its own rating of Fiat under review for a possible downgrade following the company's $4.35 billion deal to take full control of Chrysler Group LLC, citing worries about the group's liquidity position.
Fitch Ratings said last week the deal had no immediate impact on the carmaker's ratings, but added that a full rating review would be conducted in early 2014.
- U.S., Arab partners launch first strikes in Syria
- Qatar adamant it will host 2022 World Cup despite doubts
- Argentina's Fernandez to meet billionaire investor Soros in New York
- Louisiana judge rules state's gay marriage ban unconstitutional
- Ebola could strike 20,000 in six weeks, "rumble on for years" - study