S&P cuts Volkswagen outlook to negative from stable

Newswire

LONDON, Feb 19 (Reuters) - German car maker Volkswagen 's credit rating outlook was cut to negative from stable because of lower than expected 2003 earnings, Standard & Poor's Rating Services said on Thursday. The outlooks on VW's related entities, including Volkswagen Financial Services AG (VW FS) and Volkswagen Bank GmbH (VW Bank), were also revised to negative from stable. At the same time, Standard & Poor's affirmed the 'A' long-term and 'A-1' short-term corporate credit ...

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