FRANKFURT (Standard&Poor's) Aug. 11, 2004--Standard&Poor's Ratings Services said today it revised its outlook on German automaker DaimlerChrysler AG to stable from negative following strong operating profit improvements at the Chrysler Group. At the same time, the 'BBB/A-2' corporate credit ratings on DaimlerChrysler were affirmed. Standard&Poor's will hold a teleconference today to discuss the above rating action. See the section headed "Teleconference Information" below for details. "The outlook revision reflects Standard&Poor's expectation that DaimlerChrysler will be able to meet its target to clearly exceed the 2003 operating profit--before one-time items--based primarily on Chrysler's return to being a positive contributor to earnings," said Standard&Poor's credit analyst Maria Bissinger. "It is also supported
