FRANKFURT, June 26 (Reuters) - Credit rating agency Fitch said on Thursday it had assigned an "A+" senior unsecured rating and an "F1" short-term rating to German carmaker Volkswagen , with a long-term negative outlook. "The outlook reflects the expected reduction in cash generation during the upcoming model replacement phase and an unfavourable hedging position," Fitch said in a statement. Fitch said its coverage had been initiated in response to requests from investors.
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