Daimler is seeing stronger improvement in demand for passenger cars and trucks than we had anticipated. As a result, its credit ratios are stronger than we anticipated. We are revising our outlook on Daimler to stable from negative and affirming the 'BBB+/A-2' ratings. The stable outlook reflects our opinion that Daimler should be able to maintain credit metrics commensurate with our indicative ratios for the current rating. On Aug. 26, 2010, Standard&Poor's Ratings Services revised its outlook on German automaker Daimler AG to stable from negative. At the same time, we affirmed the 'BBB+' long-term and 'A-2' short-term corporate credit ratings. The outlook revision reflects our opinion that Daimler has considerably improved its financial risk profile over the
