CHRYSLER'S &lt;C> CREDIT CANADA PLACED ON CREDITWATCH

  Canadian Bond Rating Service said it
  placed Chrysler Credit Canada Ltd, a subsidiary of Chrysler
  Corp &lt;C>, on creditwatch until all financial details concerning
  the proposed acquisition of American Motors Corp &lt;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).
  

