TEXT-S&P corrects debt rtgs on Four Volvo (publ)subs to watchneg

Newswire

(The following statement was released by the ratings agency) Feb 25 - Standard & Poor's Ratings Services today corrected its ratings on debt issued by four subsidiaries of Swedish commercial vehicle group Volvo (publ), AB (BBB/Watch Neg/A-3). The debt of these subsidiaries is guaranteed by Volvo and our rating analysis for the debt is based on the Volvo guarantees. On Feb. 23, 2010, we placed the ratings on Volvo on CreditWatch with negative implications and affirmed the ratings on ...

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