Part of the motivation for the auto group's $4.35 billion deal to take full ownership of the No. 3 U.S. carmaker was to give Fiat access to Chrysler's finances so it could invest in new models to revamp its loss-making operations in Europe.
Fiat's Access To Chrysler Funds Curbed
Analysts have raised concerns about Fiat's growing debt pile and its ability to fund a strategy that will shift the automaker's focus to its upscale Maserati and Alfa Romeo brands from an over-reliance on low-margin mass-market models.
Moody's cut Fiat's rating to four notches below investment grade last week, citing weaker-than-expected 2013 results and challenges to the carmaker's outlook for this year given eroding profitability in Latin America.
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