Moody’s changes Volkswagen to stable

Moody's Investors Service said it changed the outlook on the long-term senior unsecured debt and issuer ratings of Volkswagen Financial Services AG and on the long-term senior unsecured debt, issuer and deposit ratings of Volkswagen Bank GmbH to stable from negative.

The agency further affirmed the A3 senior unsecured debt and issuer ratings of Volkswagen Financial and VW Bank, as well as those of their guaranteed subsidiaries.

Simultaneously, Moody's affirmed the A1/P-1 deposit ratings of VW Bank.

All other ratings and rating inputs are unaffected.

Moody’s said the actions follow the March 20 outlook change to stable from negative and the subsequent affirmation of Volkswagen AG’s A3 issuer rating.

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