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Moody’s changes DaimlerChrysler view to negative
Moody's Investors Service said it changed the view on DaimlerChrysler LLC to negative from stable on the “material deterioration” of the company’s credit metrics.
“The negative outlook also reflects the significant challenges for Daimler to turn around this negative trend of operating performance in the second half of 2019 against an increasingly challenging overall market environment with reduced unit sales expectations and continued economic and political uncertainties,” said Moody’s in a press release.
The agency affirmed DaimlerChrysler’s A2 backed senior unsecured rating.
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