DBRS shifts Volkswagen trend to stable

DBRS said it changed the trend on Volkswagen AG to stable from negative and confirmed its rating at A (low). DBRS also changed the trends on the senior unsecured debt of VW Credit Canada, Inc. to Stable from negative while confirming their ratings at A (low).

“The trend changes reflect the ongoing solid financial performance of the company despite meaningful challenges associated with the progression of coronavirus disease (Covid-19) last year; VW benefitted from a strong industry recovery in the latter half of 2020,” DBRS said in a press release.

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