UPDATE 1-Fitch changes DaimlerChrysler outlook to positive

Newswire

(Adds bond price, background) LONDON, June 24 (Reuters) - Fitch Ratings changed the outlook on DaimlerChrysler AG's BBB+ senior unsecured rating to positive from stable on Thursday. "The Outlook change reflects Fitch's view that the progress made so far in the restructuring of Chrysler Group in particular, but also of the commercial vehicle division, has materially lowered the downside risk provided by these entities on the overall credit profile," the agency said. Fitch also affirmed ...

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