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. On Feb. 23, 2012, Standard&Poor's Ratings Services raised its long-term corporate credit rating on German automotive maker Daimler AG to 'A-' from
