DBRS Assigns A (low) Rating to New Volkswagen Credit Canada Issue

DBRS has today assigned a rating of A (low) to the CHF 300 million fixed-rate senior unsecured notes (the Notes) issued by VW Credit Canada, Inc.

The rating is based on the ultimate parent and guarantor, Volkswagen AG.

The Notes mature on February 11, 2013, and have a fixed coupon of 4.50%.

The Notes rank pari passu with all other senior unsecured obligations of VW Credit Canada, Inc.

Notes:
The applicable methodology is Rating Automotive, which can be found on our website under Methodologies.

This is Corporate (Autos and Auto Parts) rating.