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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" June 5 – Fitch Ratings has affirmed Mercedes Benz South Africa (Pty) Ltd’s (MBSA) ZAR18 billion domestic medium-term note (DMTN) programme at national long-term ‘AA(zaf)’ and national short-term ‘F1+(zaf)’. MBSA’s issue ratings continue to reflect the irrevocable and unconditional guarantees provided by its German parent company, Daimler AG (‘A-‘\/Outlook Stable). The issue ratings also incorporate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11121","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11121"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11121\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}June 5 - Fitch Ratings has affirmed Mercedes Benz South Africa (Pty) Ltd's\n(MBSA) ZAR18 billion domestic medium-term note (DMTN) programme at national\nlong-term 'AA(zaf)' and national short-term 'F1+(zaf)'.\t\n\t\nMBSA's issue ratings continue to reflect the irrevocable and unconditional\nguarantees provided by its German parent company, Daimler AG ('A-'\/Outlook\nStable). The issue ratings also incorporate the strong strategic, legal and\noperational ties between the South African company and Daimler AG.\t\n\t\nThe ZAR18 billion DMTN programme comprises both short-term and long-term capital\nmarket instruments, and includes a variety of fixed, floating, mixed, and zero\ncoupon, as well as index-linked and other notes.\t\n\t\nMBSA is wholly owned by Daimler AG. The company's manufacturing plant\nis based in East London (South Africa) and manufactures Mercedes-Benz C-Class\ncars for the local and export markets. It holds the franchise for the\nimportation, assembly and distribution of Mercedes-Benz and Smart product ranges\nin South Africa, as well as Freightliner, Fuso and Western Star commercial\nvehicles.\t\n\t\n\t\nAdditional information is available at www.fitchratings.com. The ratings above\nwere solicited by, or on behalf of, the issuer, and therefore, Fitch has been\ncompensated for the provision of the ratings.\t\n\t\nApplicable criteria, 'Corporate Rating Methodology', dated 13 August 2010 and\n'Parent and Subsidiary Rating Linkage (Fitch's Approach to Rating Entities\nwithin a Corporate Group Structure)', dated 14 July 2010, are available at\nwww.fitchratings.com\t\n\t\nApplicable Criteria and Related Research:\t\nCorporate Rating Methodology\t\nParent and Subsidiary Rating Linkage<\/pre>\n