Daimler AG Outlook Revised To Negative On Weakening Automotive Markets; 'A-/A-2' Ratings Affirmed - S&P Global Ratings’ Credit Research

Daimler AG Outlook Revised To Negative On Weakening Automotive Markets; 'A-/A-2' Ratings Affirmed

Daimler AG Outlook Revised To Negative On Weakening Automotive Markets; 'A-/A-2' Ratings Affirmed - S&P Global Ratings’ Credit Research
Daimler AG Outlook Revised To Negative On Weakening Automotive Markets; 'A-/A-2' Ratings Affirmed
Published Feb 27, 2009
Published Feb 27, 2009
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Abstract:

FRANKFURT (Standard&Poor's) Feb. 27, 2009--Standard&Poor's Ratings Services said today it revised its outlook on German automotive manufacturer Daimler AG to negative from stable. The 'A-/A-2' long- and short-term corporate credit ratings on the group were affirmed. "The outlook revision reflects our view on the rapid weakening of most global automotive and commercial-vehicle markets, which we believe heightens the risk of a considerable deterioration of Daimler's operating performance and cash generation to a point no longer commensurate with the current 'A-' rating," said Standard&Poor's credit analyst Werner Staeblein. In view of our expectation of weak demand, we anticipate Mercedes-Benz Cars and Daimler Trucks will report considerably lower operating profits in 2009 than in 2008. Consequently,

  
Report Type:

Ratings Action

Ticker
DAI@GR
Issuer
GICS
Automobile Manufacturers (25102010)
Sector
Global Issuers, Structured Finance
Country
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Daimler AG Outlook Revised To Negative On Weakening Automotive Markets; 'A-/A-2' Ratings Affirmed" Feb 27, 2009. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Daimler-AG-Outlook-Revised-To-Negative-On-Weakening-Automotive-Markets-A-A-2-Ratings-Affirmed-705528>
  
APA:
S&P Global Ratings’ Credit Research. (). Daimler AG Outlook Revised To Negative On Weakening Automotive Markets; 'A-/A-2' Ratings Affirmed Feb 27, 2009. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Daimler-AG-Outlook-Revised-To-Negative-On-Weakening-Automotive-Markets-A-A-2-Ratings-Affirmed-705528>
  
US$ 150.00
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