Germany-based premium automotive and truck manufacturer Daimler AG continues to strengthen its competitive position through successful car launches and unit volume growth. We are therefore raising to 'A/A-1' from 'A-/A-2' our long- and short-term corporate credit ratings on the company. The stable outlook reflects our expectation that Daimler will maintain its improved competitive position and its strong credit ratios over the next two years. On Nov. 2, 2016, S&P Global Ratings raised to 'A' from 'A-' its long-term corporate credit and issue ratings on Germany-based premium automotive and truck manufacturer Daimler AG. At the same time, we raised our short-term corporate credit rating on the company to 'A-1' from 'A-2'. The outlook is stable. The upgrade reflects our view that
