(Adds detail from statement) FRANKFURT, June 26 (Reuters) - Credit rating agency Fitch said on Thursday it had assigned an A+ senior unsecured rating and an F1 short-term rating to German carmaker Volkswagen , with a long-term negative outlook. "The outlook reflects the expected reduction in cash generation during the upcoming model replacement phase and an unfavourable hedging position," Fitch said in a statement. Volkswagen's profits tumbled by more than two thirds in the first ...
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