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BULLETIN: Svenska Volkswagen Finans AB Rating Unaffected by Volkswagen AG Downgrade Jul 03
Standard & Poors, July 2003
Abstract
STOCKHOLM (Standard & Poor's) July 16, 2003--Standard & Poor's Ratings Services said today that the 'K-1' Swedish commercial paper rating on Svenska Volkswagen Finans AB (SVF) is unaffected by the downgrade on July 14, 2003, of Volkswagen AG (A/Stable/A-1). SVF is owned by Volkswagen AG via Svenska Volkswagen AB. Although the rating on SVF does factor in the support from the parent company, the creditworthiness of SVF will continue to be based on its strong business position in the Swedish market, the low risk of its operations, and its sturdy capitalization. ANALYST E-MAIL ADDRESSES miguel_pintado@standardandpoors.com alwin_greder@standardandpoors.com FIG_Europe@standardandpoors.com...
Companies mentioned in this report are: Volkswagen Finans Sverige AB,Volkswagen AG
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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