DBRS confirms Volvo Treasury

DBRS said it confirmed the senior unsecured debt and commercial-paper ratings of AB Volvo and Volvo Treasury Canada Inc. at BBB (high) and R-2 (high), respectively.

The ratings reflect the company's solid business profile, with Volvo being firmly entrenched as the world's second-largest truck manufacturer and the third-largest global player in construction equipment, DBRS said.

The trend remains stable, recognizing the company's solid earnings performance amid improving industry conditions worldwide in both trucks and construction equipment, the agency said.

DBRS noted that Volvo's business profile also has been enhanced by the company's ongoing expansion into emerging markets, notably China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.