LONDON – Standard&Poor's CreditWire 5/6/98 -- Standard&Poor's today placed its single-'A'-plus corporate credit and senior unsecured ratings of Daimler-Benz AG and related entities on CreditWatch with negative implications. At the same time, Standard&Poor's places its single-'A' corporate credit and senior unsecured ratings of Chrysler Corp. and related entities on CreditWatch with positive implications. The 'A-1' commercial paper ratings of Daimler-Benz and Chrysler units are affirmed. The actions follow today's confirmation of discussions about a possible merger of the two companies into a new entity. Current negotiations are based on a stock transaction, in which the stockholders of both companies would become stockholders of a new entity. Ratings will ultimately be equalized should the merger
