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Automaker VW Outlook Revised To Stable On Strong Operating Performance And Improved Credit Metrics; Affirmed At 'A-/A-2' Aug 11
Standard & Poors, Aug 2011
Abstract
German automaker VW's credit ratios have improved substantially since the severe automotive and truck crisis in 2009. We are revising our outlook on VW to stable from negative and affirming our ratings on the company at 'A-/A-2'. The stable outlook reflects our opinion that VW should be able maintain credit metrics commensurate with its 'A-' rating, even taking into account the integration of MAN and Porsche, and even if trading conditions weaken in the coming quarters. PARIS (Standard & Poor's) Aug. 2, 2011--Standard & Poor's Ratings Services said today that it has revised its outlook on German automaker Volkswagen AG (VW) to stable from negative. At the same time, we affirmed the company's long- and short-term corporate credit ratings at...
Companies mentioned in this report are: Volkswagen AG,Volkswagen of America Inc.,Volkswagen Group Services S.A.,Volkswagen International Finance N.V.,VW Credit Inc.,Volkswagen Financial Services AG,Volkswagen Leasing GmbH,Volkswagen Financial Services N.V.,Volkswagen Finans Sverige AB,Volkswagen Canada Inc.,VW Credit Canada Inc.,Volkswagen Financial Services Japan Ltd.,Volkswagen Financial Services Australia Pty Ltd.,Skofin s.r.o.
Action: Affirmed
Action: Outlook: Stable
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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