TEXT-Moody's assigns ratings to VW Auto Loan notes

Newswire

(The following statement was released by the ratings agency) LONDON, Oct 31 - Moody's Investors Service has assigned a Prime-1 rating to the Class A-1 notes and an Aaa rating to each of the Class A-2, Class A-3, and Class A-4 notes issued by Volkswagen Auto Loan Enhanced Trust 2003-2. The ratings are based on the amount of credit enhancement in the deal, the transaction's structure, and VW Credit's (VCI) ability and experience as servicer. The complete rating's action is as follows: ...

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