(Editor's Note: The following press release published on June 26, 2000 contained an error regarding the schedule of the bidding for Daewoo Motor Co. in the last sentence of the second paragraph. A complete corrected version appears below.) LONDON (Standard&Poor's CreditWire) June 26, 2000--Following the June 26 announcement by Hyundai Motor Co. and DaimlerChrysler AG of the formation of a strategic alliance, Standard&Poor's today affirmed its ratings on DaimlerChrysler AG (A+/Stable/A-1) and related entities and placed its single-'B'-plus corporate credit and senior unsecured ratings on Hyundai on CreditWatch with positive implications. The outlook on DaimlerChrysler is stable. DaimlerChrysler is the world's largest commercial vehicle manufacturer and Hyundai is Korea's largest automaker. A complete list of ratings
