On April 14, 2008, Standard&Poor's Ratings Services raised its long-term corporate credit ratings on Germany-based Daimler AG and related entities to 'A-' from 'BBB+' and removed them from CreditWatch, where they had been placed with positive implications on Feb. 14, 2008. At the same time, the 'A-2' short-term ratings were affirmed. The outlook is positive. The upgrade follows our reassessment of Daimler's business and financial risk profiles and the strong operating performance and progress it has made since the separation of its Chrysler unit in August 2007. It also reflects our expectation that Mercedes-Benz Cars is well on track to reach its 2010 EBIT margin target of 10%, having reached an EBIT of €4.8 billion in 2007, representing
