Moody's cuts Chrysler Financial to Caa2

Moody's Investors Service said it downgraded the corporate family rating of Chrysler Financial Services Americas LLC to Caa2 from B3.

The outlook was changed to negative from stable.

The downgrade follows Moody's downgrade of Chrysler Automotive, LLC to Ca from Caa2 with a negative outlook.

The downgrade is based on the potential effects that a weakened Chrysler could have on Chrysler Financial's operations, including its asset quality and profitability, Moody's said.

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