TEXT-Volkswagen Finance Affirmed at 'Fitch AAA(ind)'; Outlook Stable

Newswire

(The following was released by the rating agency) MUMBAI/SINGAPORE, June 28 (Fitch) Fitch Ratings has affirmed India-based Volkswagen Finance Private Limited's (VWFPL) National Long-Term rating at 'Fitch AAA(ind)' with a Stable Outlook, and its National Short-Term rating at 'Fitch A1+(ind)'. Fitch has also assigned VWFPL's proposed INR5bn secured non-convertible debentures (NCDs) a 'Fitch AAA(ind)' rating. A full list of rating actions is provided at the end of this commentary. The ratings ...

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