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Moody’s gives Volkswagen Leasing debt A3
Moody’s Investors Service said it assigned A3 and Aaa.mx backed long-term global local currency and Mexican national scale senior unsecured debt ratings to Volkswagen Leasing, SA de CV's new issuance of certificados bursátiles.
The outlook is stable.
The issuance will total up to Ps. 2.5 billion, with a maturity of about three years and a floating coupon.
The agency said the ratings reflect an explicit guarantee from the company's parent, Volkswagen Financial Services AG (A3 stable).
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