Standard&Poor's Ratings Services' 'A-' rating on Germany-based automaker Daimler AG is derived from: Our anchor of 'a-', based on our assessment of Daimler's "satisfactory" business risk and "minimal" financial risk profile assessments. Analytical modifiers have no impact on the rating outcome. Broad product and geographic scope of the group's operations. Strong competitive position of the Mercedes-Benz Cars division, which holds a leading share of the global market for premium vehicles. Strong market position of the commercial vehicles unit, which benefits from geographic diversity of its sales and broadly diversified production. Widely fluctuating demand for passenger cars and even more pronounced cyclicality in global commercial vehicle markets. Risk of volatile operating profits in the group's major business lines. Headroom
