MEC - Mercedes-Benz South Africa (Proprietary) Limited - Upgrade by Fitch

MEC - Mercedes-Benz South Africa (Proprietary) Limited - Upgrade by Fitch       
Ratings                                                                         
Upgrade by Fitch Ratings                                                        
Fitch Ratings upgraded Daimler AG`s Long-term Issuer Default Rating ("IDR") and 
senior unsecured notes to `A-` from `BBB+` on 10 June 2011. The agency has also 
affirmed Daimler`s Short-term IDR at `F2`.                                      
"Daimler has a leading market share in the premium passenger car segment with   
its Mercedes-Benz and Smart brands ("MBC division"), whereas Daimler Trucks     
("DT") is the largest heavy-truck manufacturer in the world. The group also     
holds leading global market positions in the van and bus markets.               
Sales of premium brands have been less distorted by scrapping incentives and    
have recovered strongly since 2010. In addition, underlying demand for premium  
vehicles is extremely high, both in developed and emerging markets. MBC is on   
track to achieve a record year in 2011, despite a few models being close to     
change-over. Global truck sales have been boosted by a recovering market in     
Europe and the US (+15% and +25%, respectively, expected by Fitch in 2011) and  
continuous strong demand in other markets. DT will also benefit from its most   
comprehensive product launch ever in 2011-2013." - Fitch Ratings                
As Guarantor to Mercedes-Benz South Africa (Pty) Ltd`s ("MBSA") DMTN Programme, 
Daimler AG`s positive rating action has resulted in Fitch Ratings also upgrading
MBSA`s Senior Unsecured Debt rating.                                            
The ratings actions are as follows:                                             
Daimler AG:                                                                     
Long-term IDR upgraded to `A-` from `BBB+`; Outlook Stable                      
Senior unsecured debt upgraded to `A-` from `BBB+`                              
Short-term IDR affirmed at `F2`                                                 
Mercedes-Benz South Africa (Pty) Ltd.:                                          
Senior unsecured debt upgraded to `A-` from `BBB+`                              
Short-term rating affirmed at `F2`                                              
17 June 2011                                                                    
Debt Sponsor                                                                    
Deutsche Bank AG, Johannesburg Branch                                           
Date: 17/06/2011 14:00:01 Supplied by www.sharenet.co.za                     
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