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Aerospatiale Matra's LT Rtgs on Watch Dev, ST Rtgs on Watch Pos; DaimlerChrysler's Rtgs Affmd Oct 99
Standard & Poors, Oct 1999
Abstract
PARIS (Standard & Poor's CreditWire) Oct. 15, 1999--Standard & Poor's today placed its single-'A'-minus long-term ratings on Aerospatiale Matra on CreditWatch with developing implications and its 'A-2' short-term ratings on the company on CreditWatch with positive implications. Simultaneously, Standard & Poor's affirmed its long-term and short-term ratings on DaimlerChrysler AG (DaimlerChrysler) and related entities; the outlook is stable. (See list below for rating details.) The rating actions follow the announcement on Oct. 14, 1999, that Aerospatiale Matra and DaimlerChrysler Aerospace (DASA), 100% owned by DaimlerChrysler, will combine all their activities (except MTU, DASA's engine business), thereby creating Europe's largest aerospace company. The new entity, to be called EADS (European Aeronautic, Defense and Space Company), will be owned jointly by DaimlerChrysler...
Companies mentioned in this report are: European Aeronautic Defence and Space Co. N.V.,Chrysler Corp.,Chrysler Financial Services Americas LLC,Daimler AG,DaimlerChrysler Co. LLC,Daimler North America Corp.,Daimler International Finance B.V.,Daimler UK Finance PLC,Daimler Canada Finance Inc.,DaimlerChrysler Australia/Pacific Holdings Pty Ltd.,Daimler Coordination Center SCS,Daimler Australia/Pacific Pty Ltd.,Daimler Japan Ltd.
Action: Various Rating Actions
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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