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Canadian Ratings Actions Linked to DaimlerChrysler AG Ratings Downgrade Feb 01
Standard & Poors, Feb 2001
Abstract
TORONTO (Standard & Poor's CreditWire) Feb. 26, 2001--Standard & Poor's earlier today lowered its ratings on DaimlerChrysler AG (A-/Negative/A-2) and various related entities. The rating outlook is negative. The downgrades primarily reflected Standard & Poor's heightened concerns about the timing and extent of a turnaround in financial performance at DaimlerChrysler's key Chrysler Division (see press release sent earlier today entitled 'DaimlerChrysler AG Ratings Lowered on Concerns About Financial Turnaround at Chrysler Division'). The purpose of this supplemental release is to highlight the issue and program rating changes that are specific to the Canadian marketplace. The listing at the end of this release presents the Canadian market ratings on DaimlerChrysler units. DaimlerChrysler Canada Finance Inc. is a wholly owned subsidiary of...
Companies mentioned in this report are: Daimler Canada Finance Inc.,DaimlerChrysler Financial Services Canada Inc.
Action: Downgraded
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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