UPDATE 2-Fitch assigns A+ rating to VW, outlook negative

Newswire

(Adds share/bond market reaction, background) By Nick Tattersall 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 , but said the long-term outlook was negative. "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. Fellow rating agency ...

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