S&P revises Volvo view to positive

S&P said it revised its outlook on Volvo Car AB to positive from stable and affirmed the BB+ long-term issuer credit ratings on the company.

“The outlook revision reflects our view that Volvo is in a good position to improve its credit metrics over 2019-2021, including meaningful improvement in free operating cash flow to debt,” S&P said in a news release.

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