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Daimler Truck (A3/A-/NR): S&P Upgrade

CREDIT RATING
  • S&P upgrades DTGGR to A-, outlook stable.
  • Sees EBITDA margins recovering to record levels of 11.5-12.5% in 2025 following a dip in 2024 with cost savings feeding through.
  • The industrial net cash position is expected to persist and underpins the rating.

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