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DaimlerChrysler L-T Rating Raised To 'BBB+' On Completion Of Chrysler Spin-Off; Outlook Stable

Published Aug 10, 2007

920 words — Published Aug 10, 2007

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Abstract:

FRANKFURT (Standard&Poor's) Aug. 10, 2007--Standard&Poor's Ratings Services said today it raised its long-term corporate credit rating on DaimlerChrysler AG and related entities to 'BBB+' from 'BBB' upon completion of the sale of a majority stake of its Chrysler business to private-equity company Cerberus Capital Management, L.P. and removed it from CreditWatch, where it had been placed with positive implications on May 14, 2007. At the same time, the short-term 'A-2' rating was affirmed. The outlook is stable. "The upgrade reflects the positive effect of the transaction on the credit profile of DaimlerChrysler, which is expected to be renamed Daimler AG after an extraordinary shareholders' meeting scheduled for Oct. 4, 2007," said Standard&Poor's credit analyst

Brief Excerpt:

RESEARCH DaimlerChrysler L-T Rating Raised To '###+' On Completion Of Chrysler Spin-Off; Outlook Stable Publication date: 10-Aug-2007 FRANKFURT (Standard & Poor's) Aug. 10, 2007--Standard & Poor's Ratings Services said today it raised...

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

Summary: DaimlerChrysler Australia/Pacific Pty Ltd. – 2007/08/12 – US$ 225.00

DaimlerChrysler AG – 2007/09/06 – US$ 500.00

Summary: DaimlerChrysler AG – 2007/09/06 – US$ 225.00

Summary: Daimler AG – 2007/11/08 – US$ 225.00

Daimler AG 'BBB+' Ratings Placed On CreditWatch Positive On Strong Operating Performance – 2008/02/14 – US$ 150.00

Research Update: DaimlerChrysler L-T Rating Raised To 'BBB+' On Completion Of Chrysler Spin-Off; Outlook Stable – 2007/08/10 – US$ 225.00

DaimlerChrysler AG 'BBB' Rating Placed On CreditWatch Positive On Chrysler Spin-Off – 2007/05/14 – US$ 150.00

Research Update: DaimlerChrysler AG 'BBB' Rating Placed On CreditWatch Positive On Chrysler Spin-Off – 2007/05/14 – US$ 225.00

Summary: DaimlerChrysler AG – 2007/04/05 – US$ 225.00

Summary: DaimlerChrysler AG – 2007/02/14 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "DaimlerChrysler L-T Rating Raised To 'BBB+' On Completion Of Chrysler Spin-Off; Outlook Stable" Aug 10, 2007. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/DaimlerChrysler-L-T-Rating-Raised-To-BBB-On-Completion-Of-Chrysler-Spin-Off-Outlook-Stable-595724>

APA:	S&P Global Ratings’ Credit Research. (). DaimlerChrysler L-T Rating Raised To 'BBB+' On Completion Of Chrysler Spin-Off; Outlook Stable Aug 10, 2007. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/DaimlerChrysler-L-T-Rating-Raised-To-BBB-On-Completion-Of-Chrysler-Spin-Off-Outlook-Stable-595724>

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