TEXT-Moody's on Volvo Auto Bank Deutschland


(The following statement was released by the rating agency) Jan 29 - Moody's Investors Service today downgraded the long-term deposit and senior debt ratings of Volvo Auto Bank Deutschland (VAB) by two notches to Baa2 from A3 and the bank's financial strength rating (BFSR) to C- from C. These ratings were placed on review for possible further downgrade. Moody's affirmed the bank's Prime-2 short-term deposit and debt ratings. The downgrade of VAB's BFSR and deposit ratings reflects the ...

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