TEXT-S&P affirms VW ratings; Off watch negative


(The following statement was released by the ratings agency) Aug 31 -- The proposed merger between Volkswagen AG (VW) and Porsche Automobile Holding SE (Porsche SE; not rated) should, in our view, reduce the corporate governance risks facing VW, while modestly strengthening the company's business position by creating diversity and synergy benefits. -- We expect VW's financial profile to remain in line with the current rating requirements, despite the financial weakening that is likely ...

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