BULLETIN:No Rating Impact on DaimlerChrysler's Pull-Out of Financial Aid for Mitsubishi Motors - S&P Global Ratings’ Credit Research

BULLETIN:No Rating Impact on DaimlerChrysler's Pull-Out of Financial Aid for Mitsubishi Motors

BULLETIN:No Rating Impact on DaimlerChrysler's Pull-Out of Financial Aid for Mitsubishi Motors - S&P Global Ratings’ Credit Research
BULLETIN:No Rating Impact on DaimlerChrysler's Pull-Out of Financial Aid for Mitsubishi Motors
Published Apr 23, 2004
475 words — Published Apr 23, 2004
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

FRANKFURT (Standard&Poor's) April 23, 2003--Standard&Poor's Ratings Services said today that the decision by DaimlerChrysler AG (BBB/Negative/A-2) not to participate in a capital increase planned by Mitsubishi Motors Corp. (MMC; CCC-/Watch Neg/--) and to cease further financial support for MMC has no direct effect on the group's credit rating. Although this decision limits the uncertainty about potential future cash contributions from DaimlerChrysler into MMC, it also brings into question a key component of Chrysler's turnaround strategy to improve its cost structure by sharing platforms and procurement activities with MMC. It is not clear to us that MMC will--under all potential scenarios--meet its contractual requirements. In view of these uncertainties, Standard&Poor's views this development as slightly

  
Brief Excerpt:

RESEARCH BULLETIN:No Rating Impact on DaimlerChrysler's Pull-Out of Financial Aid for Mitsubishi Motors Publication date: 23-Apr-2004 FRANKFURT (Standard & Poor's) April 23, 2003--Standard & Poor's Ratings Services said today that the...

  
Report Type:

Bulletin

Ticker
DAI@GR
Issuer
Daimler AG
GICS
Automobile Manufacturers (25102010)
Sector
Global Issuers, Structured Finance
Country
Germany
Region
United States
Format:
HTML HTML
Buy Now

Research Update: DaimlerChrysler AG – 2004/08/11 – US$ 225.00

DaimlerChrysler AG – 2004/08/24 – US$ 500.00

Summary: DaimlerChrysler AG – 2004/08/24 – US$ 225.00

Summary: DaimlerChrysler AG – 2004/10/28 – US$ 225.00

Summary: DaimlerChrysler AG – 2004/02/27 – US$ 225.00

Research Update: DaimlerChrysler AG – 2003/10/21 – US$ 225.00

Summary: DaimlerChrysler AG – 2003/07/24 – US$ 225.00

DaimlerChrysler AG – 2003/06/13 – US$ 500.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN:No Rating Impact on DaimlerChrysler's Pull-Out of Financial Aid for Mitsubishi Motors" Apr 23, 2004. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-No-Rating-Impact-on-DaimlerChrysler-s-Pull-Out-of-Financial-Aid-for-Mitsubishi-Motors-370885>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN:No Rating Impact on DaimlerChrysler's Pull-Out of Financial Aid for Mitsubishi Motors Apr 23, 2004. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-No-Rating-Impact-on-DaimlerChrysler-s-Pull-Out-of-Financial-Aid-for-Mitsubishi-Motors-370885>
  
Free
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.