NEW YORK (Standard&Poor's CreditWire) March 27, 2000--Standard&Poor's today has affirmed its ratings on DaimlerChrysler AG (see list below) following the company's announcement that it has signed a letter of intent to acquire a 34% stake in Mitsubishi Motors Corp. for Euro 2.1 billion, and that, separately, it has agreed to form a joint venture with Deutsche Telekom AG that will include DaimlerChrysler's information technology unit, debis Systemhaus. Mitsubishi Motors Corp.'s double-'Bpi' rating is also affirmed (see separate press release). A press release on Deutsche Telekom will follow. Standard&Poor's views the Mitsubishi transaction as having, on balance, an adverse impact on DaimlerChrysler's credit profile. The alliance between the two companies could afford DaimlerChrysler some significant
