German automotive maker Daimler's credit metrics have improved considerably since the severe automotive and truck crisis in 2009. Credit metrics have likewise developed stronger than we anticipated. We are raising the outlook on Daimler to positive from stable and affirming the long- and short-term corporate credit ratings at 'BBB+/A-2'. The positive outlook reflects our opinion that Daimler could improve its financial risk profile enough to support an upgrade to 'A-', even if trading conditions were to modestly weaken over the coming quarters. On July 15, 2011, Standard&Poor's Ratings Services raised its outlook on German automotive maker Daimler AG to positive from stable. At the same time, we affirmed the 'BBB+' long-term and 'A-2' short-term corporate credit ratings. The
