TEXT-S&P revises BMW outlook to negative

Newswire

(The following statement was released by the rating agency) Feb 27 - Standard & Poor's Ratings Services said today that it revised its outlook on German automotive manufacturer BMW AG to negative from stable, and affirmed the 'A/A-1' long- and short-term corporate credit ratings on the group. The group has not yet reported its full set of results for 2008, but in consideration of the difficult automobile and financial market conditions in 2008, Standard & Poor's anticipates that ...

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