DBRS confirms Volkswagen

DBRS said it confirmed the ratings of Volkswagen AG, including its issuer rating at A (low).

The ratings incorporate Volkswagen's strong business profile as the world's third largest automotive manufacturer with impressive product and geographic diversification, DBRS said.

The company's financial position continues to be robust, with the automotive operations having a sizeable net cash position, the agency said.

The trend remains stable, reflective of the company's solid operating performance, DBRS said, with the company continuing to outperform its competition across most geographic markets and achieve ongoing gains in global market share.

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