S&P revises Daimler Truck view to positive

S&P said it revised its outlook on Daimler Truck Holding AG and its fully owned subsidiary, Daimler Truck AG, to positive from stable and affirmed the BBB+/A-2 long- and short-term issuer credit and issue ratings.

“The positive outlook indicates that we could upgrade Daimler Truck over the next 12 months-18 months if the company successfully concludes its business realignment, resulting in a structural improvement of the industrial business' S&P Global Ratings-adjusted EBITDA margin, with the margin staying at least 8% at the bottom of the cycle,” S&P said in a news release.

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