TEXT-S&P affirms Scania at 'A-/A-2' on VW ties


(The following statement was released by the rating agency) -- Because of our parent-subsidiary criteria, we give a one-notch uplift to Swedish truck manufacturer Scania's stand-alone credit profile, based on Volkswagen AG's 71% voting rights ownership. -- We now view Scania's stand-alone credit profile at 'BBB+', one notch lower than the long-term rating, because of high earnings volatility in the industry and Scania's weakened profitability. -- We are affirming our 'A-' long-term and ...

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