DBRS Assigns A (low) Rating to New Daimler Canada Finance Issues

DBRS has today assigned a rating of A (low) to both the senior unsecured three-year fixed-rate notes (the 3-Year Notes) and the senior unsecured two-year floating-rate notes (the 2-Year Notes) issued by Daimler Canada Finance Inc.

The 3-Year Notes are of a principal amount of $400 million and mature September 14, 2015. The 2-Year Notes are of a principal amount of $200 million and mature on September 12, 2014.

Both issues are unconditionally guaranteed by Daimler AG (Daimler; rated A (low) by DBRS) and rank pari passu with all other unsecured and unsubordinated obligations of Daimler.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Companies in the Automotive Industry (April 2011), which can be found on our website under Methodologies.