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- Published: October 2012
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Research Update: Volkswagen Financial Services Ratings Affirmed At 'A-/A-2'; Outlook Stable Jun 12
Research Update: Volkswagen Financial Services Ratings Affirmed At 'A-/A-2'; Outlook Stable Jun 12
- Published: June 2012
- Standard & Poors
FEATURED COMPANIES
- Skofin s.r.o.
- Volkswagen AG
- Volkswagen Bank GmbH
- Volkswagen Leasing GmbH
- VW Credit Inc.
- MORE
Abstract
Germany-based Volkswagen Financial Services AG (VW FS)'s exposure to higher-risk countries has led us to revise its anchor to 'bbb+' from 'a-'. The change in anchor, with all other rating factors remaining unchanged, has led us to revise VW FS' stand-alone credit profile (SACP) to 'bbb-' from 'bbb'. We consider VW FS to be core to its ultimate parent Volkswagen AG (VW AG) and equalize its ratings with those of the parent company leading to three notches of support into our long-term rating on VW FS to reflect the company's core status. We are affirming the 'A-/A-2' ratings on VW FS and its 100% subsidiary VW Bank GmbH and the 'K-1' national scale rating on VW FS' core Swedish subsidiary...
Companies mentioned in this report are:
- Volkswagen Financial Services AG
- Volkswagen AG
- Volkswagen Group Services S.A.
- Volkswagen International Finance N.V.
- VW Credit Inc.
- Volkswagen Leasing GmbH
- Volkswagen Financial Services N.V.
- Volkswagen Bank GmbH
- Volkswagen Finans Sverige AB
- Volkswagen Financial Services Japan Ltd.
- Volkswagen Financial Services Australia Pty Ltd.
- Skofin s.r.o.
Action: Affirmed
Action: Outlook:
READ MORE >
- Volkswagen Financial Services AG
- Volkswagen AG
- Volkswagen Group Services S.A.
- Volkswagen International Finance N.V.
- VW Credit Inc.
- Volkswagen Leasing GmbH
- Volkswagen Financial Services N.V.
- Volkswagen Bank GmbH
- Volkswagen Finans Sverige AB
- Volkswagen Financial Services Japan Ltd.
- Volkswagen Financial Services Australia Pty Ltd.
- Skofin s.r.o.
| Format | Properties | |
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| Electronic | The report will be emailed to you. |
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