CHRYSLER'S <C> CREDIT CANADA PLACED ON CREDITWATCH
Canadian Bond Rating Service said it
placed Chrysler Credit Canada Ltd, a subsidiary of Chrysler
Corp <C>, on creditwatch until all financial details concerning
the proposed acquisition of American Motors Corp <AMO> are
finalized.
    The creditwatch affects Chrysler Credit Canada's short term
notes, guaranteed notes, debentures and the recently completed
75 mln dlr 9.25 Eurobond issue due April 15, 1993.
    Canadian Bond Rating Service said that, based on facts
currently available on the proposed transaction, it does not
anticipate the necessity of a downgrade.
    Canadian Bond Rating Service said Chrysler Credit Canada
short term notes are now rated A-2 (high) and guaranteed notes
and debentures are rated B plus plus (high).
 Reuter
