Moody’s gives Volkswagen Leasing certs 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 proposed offering of certificados bursatiles (VWLEASE 19-2).

“VWLEASE 19-2 will total up to Ps 2.5 billion, with a maturity of approximately 3.5 years and a floating coupon. This is the fourth long-term issuance of certificados bursatiles under the company’s long- and short-term revolving debt program (Programa de Certificados Bursatiles de Corto y Largo Plazo con Caracter Revolvente) authorized in February 2018,” said Moody’s in a press release.

The outlook on the global scale rating is stable.

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