...The affirmation of DHL AG's ratings primarily reflects the company's large scale, balanced business profile with a presence across various subsectors of the logistic business and geographical diversification, as well as its solid financial profile and liquidity. The Stable Outlook reflects our expectation of EBITDAR net leverage remaining within our rating sensitivities, despite global trade volatility, acquisitions and shareholder buyback programmes. This reflects our expectation of moderate EBITDA growth in 2026-2027....