Fitch cuts Daimler ratings, sees weak 2009/10

Newswire

NEW YORK, Jan 29 (Reuters) - Fitch Ratings on Thursday downgraded ratings on Daimler AG and said it expects the car company's performance for this year and next to be much weaker than previously expected. The agency cut Daimler's senior unsecured ratings by one notch to "BBB-plus," or three notches above speculative, or "junk" status. "Fitch has reassessed its view and revised its forecasts for Daimler in 2009 and 2010 and now expects the company to exhibit much weaker profitability and ...

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