Volkswagen AG: Rating Report

Summary

On July 24, 2023, DBRS Limited (DBRS Morningstar) confirmed Volkswagen AG’s (VW or the Company) Issuer Rating at A (low) with a Stable trend. DBRS Morningstar also confirmed the Senior Unsecured Debt and Commercial Paper ratings of VW Credit Canada, Inc. at A (low) and R-1 (low), respectively, both with Stable trends.

Available Documents

Jul 28, 2023

Autos & Auto Suppliers

Ratings

VW Credit Canada, Inc.

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
24-Jul-23	Senior Unsecured Debt (unconditionally guar. by Volkswagen AG)	A (low)	Stb	Confirmed	CA U E
24-Jul-23	Commercial Paper (unconditionally guar. by Volkswagen AG)	R-1 (low)	Stb	Confirmed	CA U E

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Volkswagen AG

Date Issued	Debt Rated	Rating	Trend	Action	Attributesi
24-Jul-23	Issuer Rating	A (low)	Stb	Confirmed	CA U E

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VW Credit Canada, Inc.

Senior Unsecured Debt (unconditionally guar. by Volkswagen AG)

Date Issued:Jul 24, 2023
Rating Action:Confirmed
Ratings:A (low)
Trend:Stb
Rating Recovery:
Issued:CAUE

Commercial Paper (unconditionally guar. by Volkswagen AG)

Date Issued:Jul 24, 2023
Rating Action:Confirmed
Ratings:R-1 (low)
Trend:Stb
Rating Recovery:
Issued:CAUE

Volkswagen AG

Issuer Rating

Date Issued:Jul 24, 2023
Rating Action:Confirmed
Ratings:A (low)
Trend:Stb
Rating Recovery:
Issued:CAUE

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Volkswagen AG: Rating Report

Summary

Available Documents