On July 19, 2002, Standard&Poor's revised its outlook on DaimlerChrysler AG to stable from negative. All ratings on the company and its related entities were affirmed. Significantly improved financial performance at DaimlerChrysler's core Chrysler and Freightliner units has enhanced Standard&Poor's confidence in the adequacy of restructuring efforts underway at these businesses, which limits the potential for a further lowering of DaimlerChrysler's ratings. Financial liabilities outstanding totaled €78.8 billion at June 30, 2002, down from €90.9 billion on Dec. 31, 2001. The ratings on DaimlerChrysler AG reflect the company's position as a leading producer of passenger cars and commercial vehicles, and its moderate financial policy. DaimlerChrysler has a particularly strong global competitive position in luxury passenger cars.
