Fitch Affirms Volvo at 'BBB', Outlook Stable

Newswire

(The following statement was released by the rating agency) LONDON, September 12 (Fitch) Fitch Ratings has affirmed AB Volvo's (Volvo) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB'. It has concurrently downgraded the Short-term IDR to 'F3' from 'F2'. The Outlook is Stable. The affirmation of the Long-Term IDR reflects Fitch's expectation that Volvo's ratings are supported by its strong and improving business profile, which boasts a good product range and ...

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