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Prospect News home > News index > List of issuers D > Headlines for DaimlerChrysler South Africa (Pty) Ltd. > News item
Published on 5/25/2005 in the Prospect News Emerging Markets Daily.

Moody's assigns Aa2 to DaimlerChrysler South Africa note

Moody's Investors Service assigned Aa2(za) long-term rating to DaimlerChrysler South Africa Ltd.'s bond issue based on the guarantee of its parent DaimlerChrysler AG.

DaimlerChrysler AG's A3 long-term rating reflects the overall strength of the group's franchise, scope and geographically well-spread operations.

Moody's expects DaimlerChrysler will continue to evidence strengthening automotive operating profit margins and retained cash flow through 2006.


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