DBRS Assigns A (low) Rating to Daimler North America Corporation’s New Issue
DBRS has today assigned a rating of A (low) to the senior unsecured two-year fixed-rate notes (the Notes) issued by Daimler North America Corporation (DNAC), formerly DaimlerChrysler North America Holding Corporation.
The rating is based on the parent and guarantor, Daimler AG (Daimler or the Company).
The Notes are of a principal amount of EUR 1.25 billion, have a coupon of 5.750% and mature on June 18, 2010.
The Notes rank pari passu with all other senior unsecured obligations of the Company.
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