Fitch: Daimler, EADS unchanged

Fitch Ratings said the possible sale of Daimler AG's stake in European Aeronautic Defence and Space Co. NV (EADS) to the German government, reported in numerous media outlets, would not have an immediate impact on Daimler's A- ratings or EADS's BBB+ ratings.

The outlook on both companies remains stable.

Fitch said it does not believe that a transaction is imminent and noted the German Ministry of Economy denial that such a sale is to take place.

Daimler directly owns 15% of EADS and exercises voting rights over a further 7.5% via a banking consortium, the agency said.

The company has been considering the reduction and ultimate sell off of its interest, which it views as non-strategic, Fitch said.

The agency said it does not believe that the company's business or financial strategy has been adversely affected by the uncertainty surrounding the ownership of the Daimler stake.

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