Corporate credit rating (DaimlerChrysler AG): A-/Negative/A-2 Corporate credit rating (Volvo (publ.) AB): --/--/A-2 Corporate credit rating (Mitsubishi Motors Corp.): BB-pi/--/-- Standard&Poor's said today that Volvo (publ.) AB's sale of its 3.3% stake in Mitsubishi Motors Corp. to DaimlerChrysler AG for $297 million will have no impact on the current ratings or outlooks on either company. The transaction-–subject to approval by government and regulatory authorities-–resolves the conflict of interest that would have resulted had Volvo and DaimlerChrysler, which compete in the truck industry, proceeded with their planned strategic alliances with Mitsubishi Motors. The amount payable for the transaction is not material for DaimlerChrysler. However, Standard&Poor's believes that the increase of DaimlerChrysler's shareholding in Mitsubishi Motors to 37.3%
