TEXT-S&P cuts STRATS Trst for DaimlerChrysler Sec series 2004-10

Newswire

(The following statement was released by the rating agency) June 22 - Standard & Poor's Ratings Services today lowered its rating on STRATS Trust for DaimlerChrysler N.A. Holding Securities Series 2004-10's $25 million certificates to 'BBB+' from 'A-'. The rating on the certificates is dependent on the lower of (i) the rating on the underlying security, Daimler Finance North America LLC's 6.5% notes due Nov. 15, 2013 ('BBB+'); and (ii) the short-term rating on the swap counterparty, ...

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