MILAN Feb 11 Moody's downgraded Fiat-Chrysler's
rating to B1 from Ba3 on Tuesday, citing weak 2013
results and challenges it sees for the Italian carmaker in
achieving its guidance this year.
"We have downgraded Fiat's ratings following its
weaker-than-expected performance in fiscal year 2013 and our
view that the company faces significant challenges in terms of
achieving its outlook guidance for the current fiscal year,"
Falk Frey, Moody's lead analyst for Fiat, said in a statement.
The ratings agency placed Fiat's rating under review for a
possible downgrade in early January, just days after the company
struck a $4.35 billion deal to take full control of its U.S.