Daimler Truck to float on Frankfurt stock exchange
By Will Hall - 25th October 2021
Germany – In anticipation of its listing on the Frankfurt stock exchange in December 2021, Daimler Truck AG of Stuttgart, Germany, a new company consisting of the Daimler Trucks and Daimler Buses operations at Daimler AG, has received credit ratings from S&P Global Ratings and Moody’s Investor Service.
Both ratings suggest that the company’s outlook is stable, with S&P returning a long-term issuer credit rating of BBB+ and Moody’s providing a rating of A3. The public offering of Daimler Truck follows a spin-off from Daimler AG that was approved by shareholders in October. As part of the plans, Daimler AG will also be renamed to Mercedes-Benz Group AG, effective 1st February 2022.
