Ratings On Three Volkswagen Bank Bonds Lowered To #BBB+# From #A-#

Stocks and Financial Services Press Releases Thursday June 14, 2018 18:52
FRANKFURT--14 Jun--S&P Global Ratings

FRANKFURT (S&P Global Ratings) June 14, 2018--S&P Global Ratings said today that it corrected its ratings on three bonds issued by Volkswagen Bank GmbH (A-/Negative/A-2) by lowering them to 'BBB+' from 'A-'.

We had incorrectly rated the following bonds as senior unsecured, rather than senior subordinated: