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Daimler AG Outlook Revised To Stable On Tougher Market Conditions; 'A-/A-2' Ratings Affirmed

Published Oct 08, 2008

1125 words — Published Oct 08, 2008

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Abstract:

NEW YORK (Standard&Poor's) Oct. 8, 2008--Standard&Poor's Ratings Services today said it has revised its outlook on German automotive manufacturer Daimler AG to stable from positive and affirmed the 'A-/A-2' long- and short-term corporate credit ratings on the group. "The outlook revision reflects the rapidly weakening state of most global automotive markets," said Standard&Poor's credit analyst Maria Bissinger, "which makes a rating upgrade in the next 12 to 18 months increasingly unlikely. We are unable to see how the global auto industry will fare in 2009." The outlook revision is not specifically related to third-quarter earnings. In view of this environment, Mercedes-Benz Cars' (MBC) ambitious EBIT margin target of 10% in 2010 has become more

Brief Excerpt:

RESEARCH Daimler AG Outlook Revised To Stable On Tougher Market Conditions; 'A-/A-2' Ratings Affirmed Publication date: 08-Oct-2008 Primary Credit Analyst: Maria Bissinger, Frankfurt (49) 69-33-999-120; maria_bissinger@standardandpoors.com...

Report Type:

Ratings Action

Ticker

DAI@GR

Issuer

Daimler AG

GICS

Automobile Manufacturers (25102010)

Sector

Global Issuers, Structured Finance

Country

Germany

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Daimler AG Outlook Revised To Stable On Tougher Market Conditions; 'A-/A-2' Ratings Affirmed" Oct 08, 2008. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Daimler-AG-Outlook-Revised-To-Stable-On-Tougher-Market-Conditions-A-A-2-Ratings-Affirmed-675762>

APA:	S&P Global Ratings’ Credit Research. (). Daimler AG Outlook Revised To Stable On Tougher Market Conditions; 'A-/A-2' Ratings Affirmed Oct 08, 2008. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Daimler-AG-Outlook-Revised-To-Stable-On-Tougher-Market-Conditions-A-A-2-Ratings-Affirmed-675762>

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