OTHER NEWS - Oct. 5, 1993
- Share via
Chrysler Bonds Upgraded: Credit rating agency Standard & Poor’s Corp. lifted Chrysler Corp.’s senior debt to investment grade status, clearing the way for the auto maker to boost its dividend. S&P; attributed the improved credit quality to new products and better operations. Chrysler said it was delighted with the announcement. The auto maker has about $12.8 billion of debt outstanding. S&P;’s new rating of BBB on the senior debt means the bonds become medium-grade quality and that security appears adequate for paying off the debt.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
