- Volkswagen AG and Volkswagen Financial Services AG with solicited Fitch credit rating
- Both companies and their bonds are now rated by Fitch, S&P and Moody’s
- Fitch rates Volkswagen AG and Volkswagen Financial Services AG with A- (“high credit quality”) and stable outlook
The Volkswagen Group is regularly active on the international bond markets with annual financing requirements of around €20 billion. Volkswagen AG and Volkswagen Financial Services AG issue a large proportion of the Group’s bonds via their respective financing subsidiaries and have decided to commission Fitch Ratings, in addition to S&P Global Ratings and Moody’s, to regularly assess the creditworthiness of the company and the bonds issued.
Chief Financial Officer Arno Antlitz. “Our solid financial figures and our creditworthiness will become even more transparent for our investors thanks to a third rating. I am convinced of this.” Fitch rates both the corporate credit risk of Volkswagen AG and Volkswagen Financial Services AG at A- with a stable outlook. This puts the rating in the highest creditworthiness category, the A range. The rating also includes issues in all relevant currencies. Unsecured bonds are currently rated A-, hybrid bonds BBB and commercial paper F1.
Credit Rating overview:
| Fitch | Short-Term | Long-Term | Outlook |
| Volkswagen AG | F-1 | A- | stable |
| Volkswagen Financial Services AG | F-1 | A- | stable |
| Moody’s | Short-Term | Long-Term | Outlook |
| Volkswagen AG | P-2 | A3 | stable |
| Volkswagen Financial Services AG | P-2 | A3 | stable |
| S&P | Short-Term | Long-Term | Outlook |
| Volkswagen AG | A-2 | BBB+ | stable |
| Volkswagen Financial Services AG | A-2 | BBB+ | stable |
