(The following statement was released by Standard & Poor's)

(Editor's note: In the release of this article published earlier today,
some vendors may have gotten a version that incorrectly referred to the senior
debt as being unsecured in the first paragraph. The senior debt is secured. A
corrected version follows.)

June 20 - Standard & Poor's Ratings Services today said it is placing its
'B' long-term counterparty credit rating and 'BB-' senior secured debt rating
on DaimlerChrysler Financial Services Americas LLC on CreditWatch with negative
implications. The CreditWatch reflects our decision to review DaimlerChrysler's
ratings in light of the increased challenges at its parent, Chrysler LLC
(please see the separate release on Chrysler published earlier today). "High
gasoline prices are the primary cause of the increasingly challenging operating
conditions for Chrysler LLC, and hence DaimlerChrysler Financial Services,"
said Standard & Poor's credit analyst John Bartko.

The review, which we are also undertaking on other rated U.S. automakers,
was prompted by renewed concerns about Chrysler's prospective cash outflows in
light of the prospects for U.S. sales for the rest of 2008 and into 2009. The
erosion of demand for SUVs and pickups has been particularly troubling.
Although these segments have been weak for some time, the exodus of demand that
began in April, caused by escalating gas prices and consumer preferences for
smaller vehicles, is gathering speed. Despite concerted efforts to change the
mix of product offerings and reduce costs, Chrysler still relies on light
trucks for a disproportionate share of profitability and cash flow.

We had assigned a negative outlook to Chrysler on Nov. 8, 2007, but the
demand prospects for light trucks, and lower sales more broadly, over the rest
of 2008 could undermine its financial prospects more than we previously
expected, even in light of ongoing cost reductions.

We will review Chrysler's financial and liquidity outlook, as well as
general U.S. and global automotive industry conditions, to resolve the
CreditWatch review.
(New York Ratings Team)