(The following statement was released by the rating agency) Overview -- Germany-based Volkswagen Financial Services AG (VW FS)'s exposure to higher-risk countries has led us to revise its anchor to 'bbb+' from 'a-'. -- The change in anchor, with all other rating factors remaining unchanged, has led us to revise VW FS' stand-alone credit profile (SACP) to 'bbb-' from 'bbb'. -- We consider VW FS to be core to its ultimate parent Volkswagen AG (VW AG) and equalize its ratings with those of ...
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