Press release
121KB
description
5KB
ottobre 28, 2021 - Daimler
Daimler Truck receives solid investment grade ratings ahead of listing
Comunicato Stampa disponibile solo in lingua originale.
- First time investment grade ratings for #daimler #truck published by Moody’s and S&P Global Ratings
- S&P Global Ratings assigns first time credit rating of BBB + with stable outlook
- Moody’s assigns first time credit rating of A3 with a stable outlook
- Credit ratings reflect confidence in #daimler Truck’s substantial scale, strong market positions in profitable markets and its sound and conservative financial policy
- Capital Market Day scheduled for Nov 11th; Initial Listing on Frankfurt Stock exchange in Dec 2021
Stuttgart – On its way to the expected listing on the Frankfurt Stock Exchange by the end of this year, #daimler #truck had approached S&P Global Ratings (S&P) and Moody’s Investor Service (Moody’s) for setting up first time credit ratings. Both rating agencies now communicated solid investment grade ratings for #daimler #truck. S&P Global Ratings assigned a long-term issuer credit rating of BBB + (outlook stable) while Moody’s assigned a long-term issuer credit rating of A3 (outlook stable).
Jochen Goetz, Chief Financial Officer of #daimler #truck AG: “These ratings are a confirmation, that #daimler #truck is ready for independence – guided by a clear strategy and with a strong financial profile. This will support our growth in the financial services segment and our ambition to achieve higher margins.”
S&P’s BBB + / A-2 preliminary long-and short term issuer rating reflects the agency’s assessment of #daimler #truck having strong market positions in the most profitable markets, U.S. and Europe. In addition S&P positively noted that #daimler #truck has developed an ambitious profitability roadmap to improve the resilience of its operating performance during industry downturns and is prepared for the energy transition towards zero-emission vehicles. The final rating will depend on the receipt and satisfactory review of the final transaction documentation.
Moody’s A3 long-term and a Prim-2 short term issuer rating of #daimler #truck reflects the group’s substantial scale as the world’s largest manufacturer of commercial vehicles by revenues; its good diversification with seven individual brands, and leading positions in the US and European markets. Moody’s also mentioned #daimler Truck’s potential to grow margins via efficiency measures, the companies conservative financial policy and a strong liquidity profile.
Martin Daum, CEO of #daimler #truck and his Board of Management team will present the future direction and strategic goals of the new company on a Capital Market Day, November 11th starting at 02.00 p.m. CET. Initial Listing on Frankfurt Stock Exchange is expected to be in December 2021.
Link to the digital Capital Market Day: Daimler #truck Capital Market Day 2021 | Daimler
21C0324 02
2000x1080, 691KB
News correlate |
||
|
|
|
aprile 05, 2024
|
marzo 11, 2024
|
marzo 05, 2024
|
|
Il nuovo Actros L può essere ordinato da aprile 2024 e entrerà in produzione a dicembre 2024.La cabina ProCabin dal design futuris... |
Comunicato Stampa disponibile solo in lingua originale. Auto Rainer GmbH, Pizzinini Bus & Mobility and Silbernagl GmbH receive... |
Dal 12 al 15 marzo presso la Fiera di Verona, Daimler Truck Italia parteciperà al LETExpo 2024 – Logistics Eco Transport, – evento... |
Scarica tutto 
Ti potrebbe interessare anche |
||
|
|
|
marzo 04, 2024
|
febbraio 28, 2024
|
febbraio 15, 2024
|
|
Comunicato Stampa disponibile solo in lingua originale. Mercedes-Benz Commercial Vehicle Center in Stuttgart to take over sales an... |
Comunicato Stampa disponibile solo in lingua originale. As of July, stricter regulations will come into effect in the EU for new t... |
The Mercedes-Benz eCitaro fuel cell with hydrogen-based fuel cell range extender has won two awards in the national competition or... |
Inglese 
Scarica tutto 
Condividi
Condividi via mail 
Automotive
Sport
Events
Art&Culture
Design
Fashion&Beauty
Food&Hospitality
Tecnologia
Nautica
Racing
Excellence
Corporate
OffBeat
Green
Gift
Pop
Heritage
Entertainment
Health & Wellness