Moody’s changes Volvo view to positive

Moody's Investors Service said it affirmed AB Volvo's Baa1 long term issuer rating and the Prime-2 short term issuer rating.

The agency also changed the outlook to positive from stable.

"The outlook change to positive reflects the continuous and strong improvements in Volvo's financial performance and credit metrics and in case these metrics can be sustained even in periods of weaker demand for its products this could result in an upgrade of Volvo's ratings within the next 12-18 months," Falk Frey, Moody’s senior vice president and lead analyst for Volvo, said in a news release.

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