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Volkswagen Bank GmbH Feb 03 Product Image

Volkswagen Bank GmbH Feb 03

  • ID: 1710253
  • February 2003
  • Standard & Poors

FEATURED COMPANIES

  • Volkswagen AG
  • Volkswagen Bank GmbH
  • VW Credit Inc.
  • MORE

Abstract
The ratings on Volkswagen Bank GmbH (VW Bank) are based on its status as a core subsidiary of its ultimate parent, Volkswagen AG (VW; A+/Stable/A-1) and reflect its strategic importance for and close integration into the operations of its parent. Due to the close organizational and business ties between VW's several finance and leasing subsidiaries, which, are combined under the roof of VW Bank's 100% owner, Volkswagen Financial Services AG (VWFS; A+/Stable/A-1), Standard & Poor's analysis focuses on both VW Bank and VWFS. The ratings also reflect VW Bank' sound asset quality, profitability, and capitalization, which mitigate concerns about its limited business diversification. Furthermore, Standard & Poor's regards VW Bank and VWFS as a captive finance company, which together with...

Companies mentioned in this report are:
- Volkswagen Bank GmbH
- Volkswagen AG
- Volkswagen Group Services S.A.
- Volkswagen International Finance N.V.
- VW Credit Inc.
- Volkswagen Investments Ltd.
- Volkswagen Financial Services AG
- Volkswagen Financial Services N.V.
- Volkswagen Finans Sverige AB
- Volkswagen Insurance Co. Ltd.
- Volkswagen READ MORE >

Note: Product cover images may vary from those shown

- Volkswagen Bank GmbH
- Volkswagen AG
- Volkswagen Group Services S.A.
- Volkswagen International Finance N.V.
- VW Credit Inc.
- Volkswagen Investments Ltd.
- Volkswagen Financial Services AG
- Volkswagen Financial Services N.V.
- Volkswagen Finans Sverige AB
- Volkswagen Insurance Co. Ltd.
- Volkswagen Financial Services Australia Pty Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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