UPDATE 1-S&P cuts Volkswagen outlook to negative from stable

Newswire

(adds analyst reaction, cds price, background) LONDON, Feb 19 (Reuters) - German car maker Volkswagen AG saw its credit rating outlook cut to negative from stable following disappointing earnings, Standard & Poor's Rating Services said on Thursday. "The outlook revision follows the company's announcement of weaker-than-expected earnings in 2003, with operating profits declining by 48 percent to 2.5 billion euros," said S&P credit analyst Maria Bissinger. Volskwagen is rated A ...

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