Oldwick, N.J.A.M. Best Co. has affirmed the financial strength rating of B++ (good) and issuer credit rating of “bbb” for Chrysler Financial. The outlook for both ratings is stable. Chrysler Financial's capitalization and operating performance continues to be robust, but its current ratings are constrained by the operating challenges of its parent company, Chrysler LLC, analysts noted.
The ratings reflect the company's favorable operating results from its underwriting expertise, loss prevention measures and effective low cost distribution systems. However, these strengths are offset by the group’s limited product offering, which is subject to volatile underwriting results due to weather-related events, analysts noted.
