S&P lifts Daimler to positive

Standard & Poor's said it raised the outlook on Daimler AG to positive from stable.

The agency also said it affirmed the BBB+ long-term and A-2 short-term corporate credit ratings.

The outlook revision reflects Daimler's considerably improved financial risk profile over the past year, S&P said.

The improvement is the result of both better trading conditions and Daimler's decisions during the financial crisis that supported the financial risk profile, including suspending dividends and increasing capital by €1.95 billion in 2009, the agency said.

Nevertheless, S&P said it believes that Daimler's track record of improved margins needs to be more extensive.

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