TEXT-Moody's revises AB Volvo outlook to negative

Newswire

(The following statement was released by the rating agency) Approximately SEK 131 Billion of Debt Affected. Oct 31 - Moody's Investors Service today affirmed AB Volvo's ("Volvo") A3 long term and Prime-2 short term ratings and changed the outlook to negative from stable. Falk Frey, Senior Vice President and the lead analyst at Moody's for the European automotive sector, said: "the outlook change to negative reflects the pace of degradation in the market environment of Volvo's key markets ...

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