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 preparing 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 Prime-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, Chief Executive Officer 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, 2021.
Initial Listing on Frankfurt Stock Exchange is expected to be in December 2021.
