TEXT-S&P affirms Volkswagen's ratings, revises outlook

Newswire

(The following statement was released by the ratings agency) NEW YORK, March 24 - Standard & Poor's Ratings Services said today it revised its outlook on Germany-based carmaker Volkswagen AG (VW) to negative from stable. The outlooks on VW's related entities, including Volkswagen Financial Services AG (VW FS) and Volkswagen Bank GmbH (VW Bank), were also revised to negative from stable. At the same time, Standard & Poor's affirmed the 'A+' long-term and 'A-1' short-term credit ...

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