...Fully Guaranteed by Daimler: The rating of Mercedes-Benz (Thailand) Limited's (MBTh) guaranteed medium-term debentures programme of THB10bn is based entirely on the full, irrevocable, and unconditional guarantee provided by its parent, Daimler AG (A-/Stable). Daimler's Long-Term Foreign-Currency IDR of `A-' is equal to Thailand's sovereign Long-Term Local-Currency IDR. Strong Relationship with Daimler: MBTh is wholly owned by Daimler - with which it has strong operational and financial links. MBTh imports both completely-built-up (CBU) vehicles and completely-knocked-down (CKD) kits from Daimler for local assembly and distribution. MBTh is also closely monitored by Daimler's regional treasury centre and strictly implements the group's treasury policy. Leader in Luxury Cars: MBTh is one of Thailand's premium-car market leaders, with more than a 40% premium-car market share. MBTh`s strategy to expand its product portfolio and seize niche demand from grey-market retailers proved successful...
