TEXT-Fitch cuts Mercedes-Benz South Africa

Newswire

(The following statement was released by the rating agency) Jan 30 - Fitch Ratings-London/Johannesburg-30 January 2009: Fitch Ratings has today downgraded Mercedes-Benz South Africa (Pty) Ltd's (MBSA) ZAR18bn medium-term note (DMTN) programme and ZAR2bn guaranteed note issue to National Long-term 'AA(zaf)' from 'AA+(zaf)' and affirmed its National Short-term rating at 'F1+(zaf)'. This follows the downgrade of Daimler AG's International Long-term rating to 'BBB+' from 'AA-' on 30 January ...

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