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DBRS: VW Credit Canada notes A
DBRS said it assigned a rating of A with a stable trend to both the C$325 million and the C$425 million senior unsecured notes issued by VW Credit Canada Inc.
The C$325 million senior unsecured notes are due April 4, 2018 and the C$425 million senior unsecured notes are due June 24, 2020.
The notes are unconditionally guaranteed by Volkswagen AG and rank pari passu with all other senior unsecured obligations of VW Credit Canada, DBRS said.
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