LONDON, July 2 (Reuters) - The long-term and short-term ratings of Volkswagen AG (VW) and Volkswagen Financial Services AG has been cut to A3 from A2 and Prime-2 from Prime-1, Moody's Investors Service said on Friday.
"The downgrade was prompted by the continued overall declining trend in the operating performance of VW's core industrial business since 2001, with EBITA margins falling to 1.4 ...
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