TEXT-S&P affirms Volvofinans ratings; outlook is stable

Newswire

(The following statement was released by the ratings agency) NEW YORK, Nov 18 - Standard & Poor's Ratings Services said today it removed its 'BBB/A-2' counterparty credit ratings on Sweden-based car finance company AB Volvofinans from CreditWatch, where they had been placed on Oct. 22, 2003. At the same time, all ratings on Volvofinans were affirmed. The outlook is stable. This action follows both a review of Volvofinans' rating link with Ford Motor Co. (Ford; BBB-/Stable/A-3), and ...

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