Ratings

In 2019, the rating agencies Standard & Poor’s and Moody’s Investors Service conducted the regular update of their credit ratings for Volkswagen AG, Volkswagen Financial Services AG and Volkswagen Bank GmbH.

In November and December, Standard & Poor’s confirmed its short-term and long-term ratings of A–2 and BBB+ for Volkswagen AG and Volkswagen Financial Services AG, and of A–2 and A– for Volkswagen Bank GmbH. The outlook for Volkswagen AG and Volkswagen Financial Services AG was left at “stable” and that for Volkswagen Bank GmbH at “negative”.

In July and August, Moody’s Investors Service left its short-term and long-term ratings for Volkswagen AG and Volkswagen Financial Services AG unchanged at P–2 and A3 and those for Volkswagen Bank GmbH at P–1 and A1. The outlook for each company was left at “stable”.

RATINGS
	VOLKSWAGEN AG			VOLKSWAGEN FINANCIAL SERVICES AG			VOLKSWAGEN BANK GMBH
	2019	2018	2017	2019	2018	2017	2019	2018	2017

Standard & Poor’s
short-term	A −2	A −2	A −2	A −2	A −2	A −2	A −2	A −2	A −2
long-term	BBB+	BBB+	BBB+	BBB+	BBB+	BBB+	A –	A –	A –
outlook	stabil	stabil	stabil	stabil	stabil	stabil	negativ	negativ	negativ
Moody’s Investors Service
short-term	P −2	P −2	P −2	P −2	P −2	P −2	P −1	P −1	P −1
long-term	A3	A3	A3	A3	A3	A3	A1	A1	A3
outlook	stabil	stabil	negativ	stabil	stabil	negativ	stabil	stabil	negativ

You are here:

Ratings