Daimler Long-Term Rating Raised To 'A-' On Strong Credit Metrics And Improved Financial Risk Profile; Outlook Stable - S&P Global Ratings’ Credit Research

Daimler Long-Term Rating Raised To 'A-' On Strong Credit Metrics And Improved Financial Risk Profile; Outlook Stable

Daimler Long-Term Rating Raised To 'A-' On Strong Credit Metrics And Improved Financial Risk Profile; Outlook Stable - S&P Global Ratings’ Credit Research
Daimler Long-Term Rating Raised To 'A-' On Strong Credit Metrics And Improved Financial Risk Profile; Outlook Stable
Published Feb 23, 2012
1630 words — Published Feb 23, 2012
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About This Report

  
Abstract:

German automotive maker Daimler AG's credit metrics have improved considerably following the severe automotive and truck crisis of 2009. The company's credit metrics have developed to an extent whereby we believe that the ratings would remain unchanged in a mild recession. We are raising the long-term corporate credit rating on Daimler to 'A-' from 'BBB+'. The short-term rating is unchanged at 'A-2'. The outlook is stable, reflecting our opinion that Daimler could maintain a financial risk profile commensurate with the new rating even if trading conditions were to weaken as a result of weaker economic growth. FRANKFURT (Standard&Poor's) Feb. 23, 2012--Standard&Poor's Ratings Services said today that it had raised its long-term corporate credit rating on German

  
Brief Excerpt:

RESEARCH Daimler Long-Term Rating Raised To 'A-' On Strong Credit Metrics And Improved Financial Risk Profile; Outlook Stable Publication date: 23-Feb-2012 Primary Credit Analyst: Werner Staeblein, Frankfurt (49) 69-33-999-130; werner_staeblein@standard...

  
Report Type:

Ratings Action

Ticker
DAI@GR
Issuer
Mercedes-Benz Group AG
GICS
Automobile Manufacturers (25102010)
Sector
Global Issuers, Structured Finance
Country
Germany
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Daimler Long-Term Rating Raised To 'A-' On Strong Credit Metrics And Improved Financial Risk Profile; Outlook Stable" Feb 23, 2012. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Daimler-Long-Term-Rating-Raised-To-A-On-Strong-Credit-Metrics-And-Improved-Financial-Risk-Profile-Outlook-Stable-939213>
  
APA:
S&P Global Ratings’ Credit Research. (). Daimler Long-Term Rating Raised To 'A-' On Strong Credit Metrics And Improved Financial Risk Profile; Outlook Stable Feb 23, 2012. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Daimler-Long-Term-Rating-Raised-To-A-On-Strong-Credit-Metrics-And-Improved-Financial-Risk-Profile-Outlook-Stable-939213>
  
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